Consumer spending in the UK slowed growth in November


Consumer spending in the UK rose 0.5% in November compared with the same month last year, the British Retail Consortium reported. The annual growth rate slowed compared with a 1.3% rise in October and was the slowest in more than a year. The indicator has a negative impact on the situation around the option of a country’s withdrawal from the bloc approved by the European Union. Barclaycard's data also indicated the slowest growth in consumer spending in March, which increased by 3.3%. Even the discounts that retailers offered on “Black Friday” did not help the growth of the indicator. According to Barclaycard experts, consumer confidence has fallen to a minimum since 2015.

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