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Net Lending to Individuals measures the monthly change in the total value of credit extended to consumers in the United Kingdom, covering both mortgage and consumer credit. It provides insight into the borrowing habits of households and their willingness to spend on large purchases. This data is crucial for assessing internal demand and the potential for inflationary pressures within the UK economy.
It is calculated as the difference between the gross amount of new lending and the amount of repayments made by individuals during the reporting period.