UK consumers pick up pace of borrowing for first time since mid-2018 - BoE
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LONDON (Reuters) - British consumers, whose spending has helped drive the economy since the Brexit referendum shock of 2016, picked up the pace of their borrowing for the first time in 16 months in October, data showed on Friday.The growth rate in unsecured consumer lending increased to 6.1% in the 12 months to October from 5.9% in September, the first increase in the annual growth rate since June 2018, the figures from the Bank of England showed.Consumers have slowed the pace of their spending..