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Consumer borrowing slows ahead of interest rate decision

Growth in loans, overdrafts and credit cards slows sharply in March, making a rate rise less likely.

Government borrowing fell by more than expected to 42.6bn for the past financial year.

Households became net borrowers last year for the first time since data began to be collected in 1987.

Government borrowing is at its lowest level since January 2008, official figures show.

Government borrowing nearly halved in December from a year earlier, official figures show.

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