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READ MOREUK consumer borrowing surge hints at cost-of-living crunch
British consumers increased borrowing by the most in three years over February and March, according to data that would typically be a sign of solid demand but might now reflect how the cost-of-living squeeze is forcing some households deeper into debt.
The Bank of England said lending to consumers rose by 1.3 billion pounds ($1.6 billion) in net terms in March. That was as expected in a Reuters poll of economists following a nearly 1.6 billion-pound increase in February.
Read more at Reuters
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