Bri­tons aim to tighten belts

The Press and Journal (Inverness, Highlands, and Islands) - - MONEY - BY KEITH FIND­LAY

UK con­sumers plan to curb their spend­ing on a range of prod­ucts and ac­tiv­i­ties in 2019, ac­cord­ing to au­dit, tax and con­sult­ing firm RSM.

It sur­veyed 2,000 UK con­sumers, in­clud­ing more than 180 in Scot­land, ask­ing whether they would spend more, the same or less this year on a range of 17 prod­ucts and ac­tiv­i­ties.

With­out ex­cep­tion, con­sumers said they planned to spend less on all the op­tions pre­sented.

“It’s no sur­prise that con­sumers say they plan to cut back”

Only when it came to sav­ing did the pro­por­tion of those who said they would save less roughly equal the pro­por­tion who said they would save more.

Con­sumers were most likely to cut spend­ing on take­aways (27.6%), fol­lowed by tech­nol­ogy (26.8%) and meals out (26.7%). Just over a quar­ter (25.8%) said they would cut down on new clothes.

RSM part­ner An­drew West­brook said: ‘With the cur­rent po­lit­i­cal uncer­tainty it’s no sur­prise that con­sumers say they plan to cut back on a range of con­sumer goods and ac­tiv­i­ties, how­ever, as any­one who has ever made a new year’s res­o­lu­tion will know, there is of­ten a dif­fer­ence be­tween what peo­ple plan to do, and what they ac­tu­ally do.”

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