
Monthly credit card debt in the UK 1993-2025
Total credit card debt in the UK grew by **** billion British pounds between October and November 2023, now reaching a similar level of debt as seen in early 2017. The annual growth rate of credit card debt stayed about the same in March 2025, reaching *** percent when compared to March 2024. The growth rate in 2023 has been relatively consistently since May, which may potentially be attributed to growing interest rates and the cost of living crisis.