UK Consumers Cut Spending in December by Most Since 2021, Barclays Says

Britain's consumers reined in their spending in December by the most in almost five years, according to debit and credit card data from Barclays published on Tuesday, adding to other signs of household caution before Christmas.

Separate figures from the British Retail Consortium also painted a weak picture with sales growth among retailers slowing for the fourth month in a row in December as shoppers waited for post-Christmas discounts.

Britons turned cautious about their spending at the end of last year with worries about tax increases in...

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