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UK consumer spending falls sharply in Christmas week

Published 01/06/2022, 04:53 AM
Updated 01/06/2022, 04:55 AM
© Reuters. FILE PHOTO: Shoppers hold umbrellas as they walk, following the outbreak of the coronavirus disease (COVID-19), at Oxford Street in London, Britain December 16, 2020. REUTERS/Toby Melville

LONDON (Reuters) - British consumer spending on credit and debit cards fell sharply in the week to Dec. 30, which covered the Christmas holiday period, according to non-seasonally adjusted figures released by the Office for National Statistics on Thursday.

© Reuters. FILE PHOTO: Shoppers hold umbrellas as they walk, following the outbreak of the coronavirus disease (COVID-19), at Oxford Street in London, Britain December 16, 2020. REUTERS/Toby Melville

Card spending dropped by 40 percentage points from the previous week to 86% of its average level in February 2020, before the COVID-19 pandemic.

"This fall appears broadly consistent with a seasonal effect," the ONS said.

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