As the credit crunch continues in the UK it seems as though increasing numbers of people are taking out loans and using credit cards to make purchases.
According to the Post Office Credit Card's latest Consumer Credit Report, 2.6 million Brits intend to spend more on their credit cards in 2009 than they did last year.
It was also discovered that over ten million adults are likely to get out the plastic for the purchase of everyday items such as groceries.
Post Office head of lending Az Alibhai said: "In the current climate, many people have little choice but to rely on their credit cards to fund more expensive purchases."
However, the organisation claimed that the worry is that consumers will increasingly rely on credit to fund smaller, more basic purchases.
With the economic crisis still apparent in the UK, it is widely expected that the Bank of England's monetary policy committee could further cut the base rate of interest later this week.
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