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U.K. Card Spending Surges in January But Inflation Set to Bite

  • Debit card spending up 27% versus pre-pandemic level: Lloyds
  • Inflation to leave a ‘lasting impression’ on Britons’ finances
OECD Warns U.K. Economy Takes Hard Coronavirus Hit
Photographer: Chris Ratcliffe/Bloomberg

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U.K. consumers spent significantly more on debit cards in the first two weeks of January but a mounting cost-of-living crisis is expected to take a heavy toll in 2022.