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Economics

British Consumers Opt for Nights In After Utility Bills Soar 33%

  • Barclaycard says shoppers are more selective about purchases
  • Over 65s spend more on takeaway meals in sign of Covid caution
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British consumers are opting for nights in and fewer trips to the shops after utility bills jumped by a third this year, Barclaycard said.

The bank that handles about half of all credit and debit card transactions in the UK said retail, travel and hospitality enjoyed a rebound this year after pandemic lockdowns halted spending in 2021.