---
source: Bank of England
url: https://www.bankofengland.co.uk/statistics/money-and-credit/2026/february-2026
document_type: html
date_retrieved: 2026-03-30
period: February 2026
parent_publication: Money and Credit
indicators_covered: [Consumer Credit, Net Lending to Individuals]
---

# Money and Credit, February 2026

## Summary of Data

Net consumer credit borrowing by individuals rose to **£1.9 billion** in February 2026, up from **£1.8 billion** in January. This increase was driven by net borrowing on credit cards and other forms of consumer credit.

Net lending to individuals (which includes mortgage borrowing and consumer credit) rose to **£6.8 billion** in February, compared to **£5.9 billion** in January.

## Key Indicators (February 2026)

| Indicator | Actual | Previous |
|-----------|--------|----------|
| Consumer Credit (£B) | 1.9 | 1.8 |
| Net Lending to Individuals MoM (£B) | 6.8 | 5.9 |

## Details

### Consumer Credit
Consumer credit (excluding student loans) is defined as borrowing by UK individuals to finance current expenditure on goods and/or services. It is split into two components: credit card lending and ‘other’ lending (mainly overdrafts and other loans/advances).

In February 2026:
- **Net consumer credit borrowing** was £1.9 billion.
- This represents an increase from the £1.8 billion recorded in January.

### Net Lending to Individuals
Net lending to individuals measures the monthly change in total sterling net lending to individuals and housing associations, excluding lending by the Student Loans Company. It combines both mortgage lending and consumer credit.

In February 2026:
- **Net lending to individuals** reached £6.8 billion.
- This is a significant rise from the £5.9 billion in January and exceeds the consensus forecast of £5.6 billion.

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*Note: This data is extracted from the official Bank of England Money and Credit statistical release.*