Consumer spending, Retail industry, Inflation, Barclays, Business, UK news, Economics Business | The Guardian
May recorded the lowest spending growth since February 2021, Barclays’ snapshot of card activity showsConsumer spending growth is at its weakest in more than three years as higher council tax bills and the rising cost of broadband and mobile phones eat into household budgets, a report has said.The monthly snapshot of credit and debit card activity from Barclays found an improvement in consumer confidence as a result of falling inflation was not leading to a pickup in spending. Continue reading…
May recorded the lowest spending growth since February 2021, Barclays’ snapshot of card activity shows
Consumer spending growth is at its weakest in more than three years as higher council tax bills and the rising cost of broadband and mobile phones eat into household budgets, a report has said.
The monthly snapshot of credit and debit card activity from Barclays found an improvement in consumer confidence as a result of falling inflation was not leading to a pickup in spending.
