Market news
13.05.2021, 09:03

UK spending rises as consumers respond to return of travel, eating out

Reuters reports that according to the report from Office for National Statistics (ONS), spending on British credit and debit cards in the week to May 6 was 106% of its February 2020 level, up from 99% a week earlier as consumers spent more on travel, eating out and other activities that are being freed up from coronavirus rules.

Other figures showed a net 7% of 34,940 firms surveyed by the ONS reported an increase in turnover in March compared with March 2020.

The proportion of the workforce on the government's job-protecting furlough scheme was 11% in the period between April 19 and May 2, down from a previous reading of 13%, the ONS said.

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