The annual growth rates of consumer credit and mortgage lending were unchanged in June, at 8.8% and 3.2% respectively.

Net finance raised by UK businesses was £2.6 billion in June, above its average over the past year; this followed strength in May. Net bank lending was the largest component of businesses' borrowing.

The amount of money held by UK households increased by £3.7 billion in June, slightly above its recent average.