06:16Consumer borrowing from UK banks will fall at the fastest rate on record in 2020, amid the recession caused by the coronavirus pandemic, forecasts suggest. Banks are expected to lend 15.9% less to consumers via personal loans and credit cards, according to forecasts by EY Item Club, the economic forecasting arm of the accounting firm. A fall at that speed would represent the steepest slowdown in lending to consumers in at least a generation, since records began in 1993:

Source: The Guardian August 09, 2020 23:07 UTC