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Consumer spending grew 1.8 per cent year-on-year in December, the lowest rate of growth seen since March 2016. With inflation at 2.3 per cent, this equated to a contraction in real terms.
Where's Britain spending?
We process nearly half of all credit and debit card transactions in the UK, which gives us unparalleled insight into consumer spending. Here, we regularly report on our exclusive spend data and comment on the mood and habits of the nation.
Consumer spending rose 4.3 per cent year-on-year in the first three months of 2017, driven by a mix of splashing out on the ‘experience economy’ and higher prices on essential goods