UK lockdown reduces consumer spending to lowest levels since last spring
by Larry Elliott Economics editor from on (#5DXEF)
New restrictions dent consumer confidence as online activity fails to compensate fully for store closures
Britain's tough new lockdown measures have dented consumer confidence and reduced spending to levels not seen since last spring, according to two separate surveys.
Both the British Retail Consortium and Barclaycard said spending in January was at its weakest since May as booming online activity failed to compensate fully for the closure of stores.
Continue reading...