Consumer spending

Bank of England says UK economy recovering faster than first feared | Business

The Bank of England has said Britain’s economy is recovering more quickly than initially feared from the coronavirus pandemic as consumer spending rises, despite warning of significant risks to jobs and growth.

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2 mins read

UK households face £6bn debts because of Covid-19, says charity | Money

British households are expected to rack up debts worth a combined £6bn because of the coronavirus crisis, as millions of people fall behind on credit card payments, council tax and utility bills.

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5 mins read

UK retail suffering from collapse in consumer spending, says CBI | Business

Almost two-fifths of Britain’s retailers have closed for business completely as a result of a Covid-19 lockdown that has prompted a collapse in consumer spending unmatched since the financial crisis in late

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3 mins read