UK consumer credit growth hits fresh 11-year high - BoE

Consumer credit in November alone jumped by 1.926 billion pounds - well ahead of forecasts in a Reuters poll - to push the annual growth rate in borrowing of 10.8 percent, a rate not seen since October 2005. The data confirm the picture given elsewhere that Britain is likely to have been one of the fastest-growing advanced economies last year, but shed little light on how well consumers will withstand an expected rise in prices in 2017. Economists polled by Reuters expect economic growth to more