British Banks Forecast Biggest Consumer Credit Collapse In 10 Years

British Banks Forecast Biggest Consumer Credit Collapse In 10 Years - Zerohedge

the latest survey from The Bank of England (BoE) suggests the British consumer is about to face the biggest credit crunch since the great financial crisis.

After repeated warnings from BoE about the surging pace of lending to households, British lenders are planning the biggest cutback in consumer loans in nearly 10 years (BoE's quarterly net balance of lenders' expectations for the availability of unsecured lending over the next three months fell to -28.6 from -16.2.)

Source: British Banks Forecast Biggest Consumer Credit Collapse In 10 Years

Credit Conditions Survey, Survey results | 2017 Q3, Bank of England

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