You are here: Home - Uncategorized -

Purse strings tightening

Written by:

UK consumers are spending less on the High Street, and economic growth is slowing as a result.

The Office for National Statistics revised down its initial growth estimate of 0.64 per cent to 0.56 per cent, although the published figure was unchanged at 0.6 per cent.

The figures showed a leap in manufacturing output and business investment, but it failed to offset a marked slowdown in consumer spending in high street shops and travel agents.

 Household spending grew by 0.2 per cent, down from 0.7 per cent in the final quarter of last year and the slowest since the first months of 2005.


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Our mutual friends?

Despite well-publicised demutualization decisions in recent years by the likes of Abbey and most recently, Standard Life, new research shows...