The way we shop now: the revolution in British spending habits

Survey shows shoppers spend more on experiences such as holidays and eating out and less on products

They call it the "experience economy": a huge shift in consumer behaviour is said to be under way, from buying things to doing things.

The demise of high street stalwarts BHS and Austin Reed, poor retail spending figures and a downturn in the number of people visiting high streets and shopping centres, are all being held up as evidence that Britons' priorities are changing.