UK shoppers rein in credit card use amid fears over economy

Consumer borrowing growth at four-year low, says Bank of England

The boom in consumer borrowing across Britain has cooled to the slowest annual growth rate in four years, according to official figures, as households rein in their spending.

The Bank of England said annual consumer credit growth slowed to 6.6% in December, continuing a trend for weaker levels of household borrowing on credit cards, personal loans and car finance deals.