'Clear' sign of rising confidence

Press Association


Cash machine
Cash machine

People's borrowing using personal loans and overdrafts is growing for the first time in over five years in a "clear" sign of rising consumer confidence, high street banks have reported.

The British Bankers' Association (BBA) reported that net personal loan and overdraft borrowing increased by 0.5% annually in March, marking the first rise recorded since January 2009 as more people start to think about splashing out on new purchases.