KONTAN.CO.ID - LONDON. British shoppers spent less last month than the year before, causing spending in January to fall for the first time since 2013, according to a survey which underscored many households' caution about their finances and the approach of Brexit. Visa, whose debit and credit cards are used for a third of payments in Britain, said on Monday that consumers stayed away from the traditional post-Christmas sales last month. Household spending fell by 1.2 percent in January compared with the same month in 2017, with spending in shops down by 4 percent, it said.
UK consumer spending stays in the doldrums in January
KONTAN.CO.ID - LONDON. British shoppers spent less last month than the year before, causing spending in January to fall for the first time since 2013, according to a survey which underscored many households' caution about their finances and the approach of Brexit. Visa, whose debit and credit cards are used for a third of payments in Britain, said on Monday that consumers stayed away from the traditional post-Christmas sales last month. Household spending fell by 1.2 percent in January compared with the same month in 2017, with spending in shops down by 4 percent, it said.