Annual card spending report says consumers are prioritising travel and nights out and buying value-range groceries amid cost of living crisis Hard-pressed consumers cut back on eating out and buying new clothes to prioritise spending on travel, entertainment and a visit to the pub over the past year, as soaring inflation and rising bills sharply curtailed the rate of spending growth. Consumer card spending increased by 4.1% year-on-year in 2023, almost two-thirds lower than the 10.6% rise in 202...
Britons cut back on dining out and buying clothes, Barclays reveals
The Guardian - 29 Dec 2023 02:01
Annual card spending report says consumers are prioritising travel and nights out and buying value-range groceries amid cost of living crisis Hard-pressed consumers cut back on eating out and buying new clothes to prioritise spending on travel, entertainment and a visit to the pub over the past year, as soaring inflation and rising bills sharply curtailed the rate of spending growth. Consumer card spending increased by 4.1% year-on-year in 2023, almost two-thirds lower than the 10.6% rise in 202...
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