British credit card spending 'on the up'

Britain's summer credit card spending is expected to be 35 per cent higher than at the same time last year, according to the Morgan Stanley Card Index.

Between July and September 2006, increased spending on large and small items will boost credit card bills, the index suggests.

Foreign holidays and travel expenses are set to account for £331 of the average Briton's credit card spending, which is £110 more than the same period last year.

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