Household Spending Plummets, Economy Worries Grow
Update: 2025-12-09
Description
Household spending plummets, marking the steepest annual fall since the pandemic, as families cut back on groceries, home improvements, and dining out due to economic worries and higher inflation. Retail sales growth slows to the weakest annual rate since May, with uncertainty surrounding the recent Budget deterring shoppers. However, a potential interest rate cut by the Bank of England next week could bring relief to households and businesses.
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