The growth in borrowing on loans, credit cards and overdrafts slowed in May, figures from UK banks have shown, following fears of runaway debt levels.
Personal debt grew at an annual pace of 5.1% in May compared with 6.4% a month earlier, the British Bankers’ Association (BBA) said.
Borrowing through loans and overdrafts has decelerated in particular since the start of the year.
However, individuals are putting little money aside in savings.
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