Economics
U.K. Consumer Credit Slowed as Storms Hit Spending
- Annual consumer-credit growth slows to least since 2014
- Mortgage approvals jumped in post-election market revival
Closed goods stores stand on New Bond Street in London, U.K.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
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U.K. consumers scaled back their unsecured borrowing in February as the country battled flooding and the start of the coronavirus outbreak.