Shop­pers cut spend­ing

The Daily Telegraph - Business - - Front Page - By Rhi­an­non Curry

HOUSE­HOLD spend­ing fell at its fastest rate for more than five years last month on the back of plum­met­ing foot­fall in Britain’s shops.

Spend­ing de­clined 2.1pc in March com­pared to the same month last year, ac­cord­ing to credit card gi­ant Visa, as shop­pers held back both on­line and in stores.

Money spent on­line dropped 1.2pc, the first time it had fallen in 10 months, while spend­ing in shops fell 3pc. Mean­while, high street foot­fall de­creased 6pc in March, the steep­est year-onyear fall since the end of 2010, Spring­board data showed.

Greater Lon­don saw the sharpest fall, down 7.5pc. There was no growth in foot­fall in any of the UK’s re­gions.

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