Spending and borrowing start to normalise Figures from the Bank of England (BoE) show that credit card spending increased in November, with spending and borrowing showing signs of normalising after being distorted by pandemic-driven support measures. The report shows that £1.2bn was borrowed in November, with £900m going on credit cards. This was the highest total since July 2020 and lines up with pre-pandemic averages. The Bank also revealed that households collectively saved £4.5bn in November, with this below the six month average of £7.9bn.