UK highstreet credit soars

British consumer borrowing increased by the biggest amount in more than 11 years in November, figures released yesterday showed.

Boosting the unexpectedly robust post-Brexit vote economy in what could prove to be a big spending spree ahead of an expected rise in prices.

Net consumer lending beat expectations to jump by over £1.92bn (€2.25bn) in November — the biggest monthly rise since March 2005 — and is 10.8% higher than a year earlier, Bank of England data showed.