Almost half of consumers are reportedly planning to reduce spending for the holiday season British retailers are bracing for a gloomy Christmas season as the worsening cost-of-living crisis weighs on household spending, two separate surveys showed on Tuesday. According to a monthly snapshot of spending by Barclaycard, which accounts for half of debit and credit card transactions, 50% of consumers were planning to tighten their belts this Christmas, cutting back on presents, food and drink, and socializing. “Rising petrol and supermarket costs continue to bite, but Brits are spending less on energy bills as governm
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