UK sees fastest growth in consumer lending since 2007

Lending by British banks to consumers grew last month at its fastest rate in more than eight years, the British Bankers' Association said on Thursday, figures which are likely to catch the attention of the Bank of England. Overall consumer credit lending rose by 5.7 percent in the 12 months to November, the fastest rise since March 2007. The BoE has said it is watching credit growth as Britain's economic recovery goes into its third year.