In the News
Consumers spent less and saved more in 2020
4th January 2021
Barclaycard data on spending habits is always worth a readand this year is no different.
Consumer spending (which accounts for two thirds of aggregate demand) has fallen by over 7%, and our spending patterns have changed with a rise in spending on essentials, a switch to e-commerce and greater support for independents - all of which, anecdotally reflects my experience of this turbulent year.
Last year was the worst in the last 25 years for the UK retail sector, not surprisingly, all things considered. However, job losses of 180,000 aren't good - and it doesn't look like the next few weeks is going to bring nay respite.
You might also like

UK Economy - Does a rising current account deficit matter?
27th March 2023

UK Economy - Why is the Trade Deficit Rising so Fast?
27th March 2023

Synoptic Exam Questions and Approaches
23rd March 2023

Kahoot Quiz on the UK Economy in 2023
21st March 2023

UK real wage gap grows to £11,000 since 2008
21st March 2023

High Gas Prices - Effects on Businesses and the UK Economy
17th March 2023