1. Trends & External Forces

Inflation and concerns of shortages increased essential spend in November

Consumer card spending grew 3.9% year-on-year in November – slightly higher than in October (3.5%), but well below the 9.6% rise in consumer price inflation – as Brits continue to tighten purse strings amid rising living costs and higher energy bills. Data from Barclaycard, which sees nearly half of the nation’s credit and debit card …

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