UK consumers, sensing new COVID restrictions, speed up spending: surveys

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British consumers ramped up their spending sharply last month as some households stockpiled and began their Christmas shopping early ahead of possible new coronavirus restrictions, according to surveys published on Tuesday.

FILE PHOTO: A customer wearing a protective face mask shops at a Morrisons store in St Albans, Britain, September 10, 2020. REUTERS/Peter Cziborra/File Photo

Separate data from retailers showed sales values at major store chains jumped by the most in nearly 11 years, excluding distortions caused by the timing of Easter. Barclaycard said its measure of spending rose 2% year-on-year in September, driven by purchases of essentials and representing an acceleration from August’s 0.2% increase. Pubs and bars also saw strong spending.

 

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