• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Spending on credit and debit cards tumbles

27th May 2022 Helen Rush

Spending on credit and debit cards tumbles Pin It

British consumers were spending less on credit and debit cards and reserving fewer restaurants than the week before, while the number of job advertisements increased sharply, weekly figures collected by the Office for National Statistics showed on Thursday.

Spending on credit and debit cards – which are not adjusted for inflation or the time of year-fell 3 percentage points from the previous week to 101 percent of the February 2020 average, based on the Bank of England’s CHAPS interbank payments for the week to May 19.

Restaurant reservations fell 2 percentage points, according to OpenTable’s figures, and the number of personnel ads on the recruitment website Adzuna was 7 percent higher.

Economists are watching closely to what extent sharply rising inflation is leading to a decline in British spending on non-essential goods and services.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Rishi Sunak tries to…

In Domestic Affairs

Rishi Sunak tries to contain oil prices with extra taxes

View Post

Next Post

The UK goes back to…

In Domestic Affairs

The UK goes back to Imperial, at least for measurements

View Post

In Money Matters

British consumer confidence at the historically lowest point

View Post

In IT, Innovation and Startups

Moderna gets permit for a mRNA plant in the UK

View Post

In Foreign Affairs

The ban of Russian gold is likely to boost the price

View Post

Newsletter

Latest News

View

The ban of Russian gold is likely to boost the price

27th June 2022

View

British consumer confidence at the historically lowest point

24th June 2022

View

Moderna gets permit for a mRNA plant in the UK

23rd June 2022

View

Tesco says Brits are buying less and downtrading to manage inflation

20th June 2022

In Domestic Affairs

Crisis at P&O Ferries could affect independent UK retailers

View Post

In Domestic Affairs

Authorities seize one of P&O Ferries ships

View Post

Bulat Utemuratov owns an entire garage of sport cars.

In Foreign Affairs

The Great Hunt for the Nazarbayev assets has just begun

View Post

The former president of Kazakhstan N. Nazarbayev (L) and Aslan Musin (R)

In Foreign Affairs

Aslan Musin, an elusive kleptocrat from Kazakhstan, provided falsified records to obtain EU citizenship

View Post

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]