UK household spending slows to lowest level in almost six years
by Larry Elliott Economics editor from on (#3BD9V)
ONS figures show spend in third quarter of 2017 rose 1% on year before as impact of higher inflation hit living standards
Spending by UK households slowed to its lowest level in almost six years during 2017 as the impact of higher inflation hit living standards and forced people to prioritise their basic needs.
The latest official figures show that consumers spent less on restaurants and hotels in the three months ending in September, but more on food, rent, fuel bills and transport.