Consumers have developed money-saving shopping habits to help stave off problem debt as the cost of living has soared, according to Barclays.
People have cut back on non-essential spending on things like clothes and dining out, data from UK debit and credit card transactions suggested.
Read the full article on the BBC website
NAM Implications:
- And therein lies the cause of hospitality business pressures.
- Meaning that any growth has to come at the expense of rivals.
- Meanwhile, any big ticket purchases that can be postponed, will…
- …especially as not all of the cost-of-living pressures have yet emerged from the pipeline.
