Falling UK inflation not leading to rise in spending, report finds

May recorded the lowest spending growth since February 2021, Barclays' snapshot of card activity shows

Consumer spending growth is at its weakest in more than three years as higher council tax bills and the rising cost of broadband and mobile phones eat into household budgets, a report has said.

The monthly snapshot of credit and debit card activity from Barclays found an improvement in consumer confidence as a result of falling inflation was not leading to a pickup in spending.