• Prior 61.14k; revised to 60.82k
• Net consumer credit £1.5 billion
• Prior £0.7 billion; revised to £0.8 billion

Individuals borrowed, on net, £1.2 billion of mortgage debt in May – down from £2.2 billion in April. That sees the annual growth rate for net mortgage lending rising to 0.3% in May, up from 0.2% in April – which was the first rise in the growth rate since October 2022.

This article was written by Justin Low at www.forexlive.com.