UK Households Cut Spending, Black Friday Boost Not Enough
Update: 2025-12-09
Description
UK households cut spending by 1.1% in November, the steepest drop in nearly five years, as consumers delayed Christmas shopping. Despite this, Black Friday remained the busiest shopping day, but its impact was less significant due to shopper jitters. Food sales increased by 3%, but other products saw only a 0.1% growth, raising concerns about consumer confidence. The Bank of England is expected to cut interest rates due to slowing economic growth and rising unemployment. Travel agents and streaming services saw a boost, but the future of consumer spending remains uncertain.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
