This year is set to be the weakest year for UK consumer spending in four years as a slump in the pound chips away at shoppers appetites, according to Visa’s consumer spending index.
The new figures show that UK household spending increased for the first time in four months during August, taking the average monthly increase to 0.2%.
Separately, BRC Springboard data released on Monday showed that high street footfall declined by 2.6% in August, a deeper decline than July’s figure of 2.1%.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Organisation will be brought into HMRC over the next year
University College of Estate Management is to change its name to University of the Built Environment, in order to further its vision of becoming the “centre of excellence for built…
The deal involves firm taking on 35,391 sq ft of workspace
Eldridge Real Estate Credit funds 591-bed PBSA
