Barclays Consumer Spend news and archive

British consumers cut back on spending ahead of the budget

October data from Barclays Consumer Spend report reveals that British consumers are cutting back ahead of the autumn budget, as essential spending drops for the sixth consecutive month and confidence in both personal finances and the wider economy continues to soften. Barclays reveals that all seven measures of consumer and economic confidence...

Retail

January storms boosted online and non-essential spending in the UK

Essential spending returned to growth in January after four consecutive months of decline, while wellness and social media trends drove discretionary purchases, according to new data from the Barclays Consumer Spend report. Despite falling consumer confidence in the UK economy, down five percentage points to 21 percent, spending on essential...