Banks cracking down on lending after borrowing binge, survey finds

Bank of England has voiced concern over rising consumer debt, including credit cards, car loans and second mortgages

Worried lenders are starting to put the brakes on Britain's consumer borrowing binge and plan to get tougher on credit card users, according to a Bank of England survey.

Its poll of all the main high street lenders showed they had cut access to credit in the opening months of this year and plan to limit it further. The proportion of lenders expecting to restrict access to credit between April and June was the highest since the financial crisis in 2008.

Related: UK's borrowing binge is worrying the Bank of England