Christmas Spending Leads to Rise in Finance ; Economy Today: Retail
The Journal › January 27, 2010
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Summary
CHRISTMAS spending and the rush to beat the VAT increase led to the first annual rise in consumer finance for more than 18 months during November, figures have revealed.
Consumers borrowed pounds 4.34bn during the month through a combination of store and credit cards, second charge mortgages, motor finance and in-store credit, according to the Finance and Leasing Association (FLA).See the full content of this document
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Christmas Spending Leads to Rise in Finance ; Economy Today: Retail
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