Britons cut spending on streaming services amid cost-of-living squeeze

Fewer card and direct debit transactions made between 1 and 30 April, says Nationwide

Britons slashed spending on subscriptions to services such as Netflix and Disney+ in April as cash-strapped households made cutbacks where they could, card transactions show.

The figures from Nationwide building society also reveal that charities continued to feel the impact of the cost-of-living squeeze, which accelerated last month amid soaring inflation, a jump in the energy price cap and a rise in national insurance contributions.