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Peer2Peer Finance News | July 23, 2018

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Consumer spending drops to lowest level in over five years

April 16, 2018 |

UK CONSUMER spending dropped to its lowest level in over five years during the first quarter of this year, new data shows.

Visa’s UK consumer spending index has revealed a worsening decline in March with household spending down 2.1 per … Read More

Spending slowdown indicates pre-Brexit caution

February 12, 2018 |

HOUSEHOLD spending fell by 1.2 per cent in January, while spending in shops was down by four per cent year on year, new figures have revealed.

This marks the first time that consumer spending has fallen since 2013.

According to … Read More

Consumer spending falls at fastest rate in four years

November 13, 2017 |

CONSUMER spending has fallen at its fastest rate in four years, displaying further evidence of the ongoing squeeze on household budgets.

IHS Markit and Visa’s UK consumer spending index revealed a two per cent year-on-year decline in spending during October.

Read More

Smartphones replacing bank branches for millennials

October 30, 2017 |

NEARLY seven in every 10 British millennials are now managing their money on the go, by using their mobile phone.

That’s according to the latest digital payments study from Visa, which surveyed thousands of people on their attitudes towards alternative … Read More

Consumer spending hits four-year low

August 7, 2017 |

CONSUMER spending declined yet again in July, marking the steepest decline for four years, figures from Visa have shown.

The payments technology firm’s UK consumer spending index showed spending by shoppers dropped 0.8 per cent last month, the third consecutive … Read More

Consumer spending growth slumps to three-year low

April 10, 2017 |

CONSUMER spending growth hit a three-year low in the first quarter of 2017, in a sign that rising prices are hitting the public’s wallet.

Research by payments technology firm Visa has revealed that the rate of growth of consumer spending … Read More