{"id":1682347,"date":"2022-10-10T19:53:41","date_gmt":"2022-10-10T23:53:41","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1682347"},"modified":"2022-10-10T19:53:51","modified_gmt":"2022-10-10T23:53:51","slug":"uk-consumer-spending-lags-far-behind-inflation-brc-and-barclaycard-surveys-show","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/uk-consumer-spending-lags-far-behind-inflation-brc-and-barclaycard-surveys-show\/","title":{"rendered":"UK consumer spending lags far behind inflation, BRC and Barclaycard surveys show"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fuk-consumer-spending-lags-far-behind-inflation-brc-and-barclaycard-surveys-show%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1682347&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Andy Bruce<\/p>\n<p>LONDON (Reuters) \u2013     British consumer spending grew last month at a rate that lagged behind inflation by a long way, according to surveys on Tuesday that underlined the risk of recession as the cost-of-living crisis rumbles on.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Barclaycard said spending on its credit and debit cards rose 1.8% year-on-year in September, the weakest reading since February 2021 and far behind the annual 9.9% increase in consumer prices in August.<\/p>\n<p>Nine out of ten people surveyed by Barclaycard from Sept. 23-26 said they were concerned by rising household energy bills.<\/p>\n<p>\u201cEnergy price increases are understandably causing concern for Brits, as they worry whether they will have enough money to cover their household bills,\u201d said Esme Harwood, director at Barclaycard.<\/p>\n<p>She said consumers were cutting back on discretionary spending, with a knock-on effect for hospitality and retail.<\/p>\n<p>Separate data from the British Retail Consortium (BRC), covering spending in shops only, showed a 2.2% annual increase in sales after a 1.0% increase in August, driven by expenditure on food.<\/p>\n<p>\u201cWhile UK retail sales grew in September, this represented another month of falling sales volumes given high levels of inflation,\u201d said Helen Dickinson, the BRC\u2019s chief executive.<\/p>\n<p>\u201cAs consumer confidence continued to fall, people shopped cautiously, avoiding large ticket items such as new computers, TVs and furniture,\u201d she added<\/p>\n<p>The GfK index of consumer confidence fell last month to its lowest level since records began in the mid-1970s.<\/p>\n<p> (Reporting by Andy Bruce; editing by David Milliken)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/uk-consumer-spending-lags\/attachment\/people-shopping-on-oxford-street-in-central-london\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI99129-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI99129-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Andy Bruce LONDON (Reuters) \u2013 British consumer spending grew last month at a rate that lagged behind inflation by a long way, according to surveys on Tuesday that underlined<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1682347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1682347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1682347"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1682347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1682347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1682347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1682347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}