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Unsecured consumer credit tops £200bn for first time since 2008

Figures come as FCA targets unauthorised overdrafts and problems for vulnerable people with high-cost credit products

The amount borrowed by consumers on credit cards, loans and overdrafts has topped £200bn for the first time since the global financial crisis almost a decade ago.

The figures, published by the Bank of England, came as Britain’s financial watchdog announced fresh measures to rein in mounting consumer debt.

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