UK Consumer Credit Growth Accelerates in July; Mortgage Approvals Down

04:45 AM EDT, 09/01/2026 (MT Newswires) -- Net borrowing of consumer credit by individuals in the UK stood at 2.01 billion pounds sterling in July, following the revised 1.87 billion pounds in June, according to Bank of England data published Tuesday. The consensus estimate for the month was 1.80 billion pounds. Meanwhile, net mortgage approvals for house purchases came in at 56,053, compared with the revised 58,215 in the prior month and the expected 59,000.