In May, UK card spending grew at the slowest pace in over three years (1%) compared to the previous year, affecting retail sales.

In May, UK card spending grew at the slowest pace in over three years, rising only 1% from a year earlier, according to a Barclays Plc report. Higher household bills and poor weather impacted consumer spending, with Britons reducing spending on takeaways and fast food. Total UK retail sales increased 0.7% in May compared with 3.9% a year ago.

June 03, 2024
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