U.K. Consumer in Torrid State as High Street Spending Sags
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U.K. shoppers are in a sorry state.
Visa’s U.K. consumer spending index fell 2 percent last month, a decline that was the quickest since since September 2013 and “driven by a sustained reduction in high street expenditure.” A separate report from the British Retail Consortium showed shoppers’ footfall decreased 2 percent on an annual basis in the month, the biggest slide since the Brexit vote in June 2016.