Consumers have reduced non-essential spending amid concerns about the cost-of-living crisis, data has shown UK consumers slashed spending on luxuries and dining out in March as household incomes continue to suffer amid stubborn double-digit inflation, Bloomberg reported on Tuesday, citing Barclays data. More than half of Barclays cardholders cut spending on luxury items and one-off treats, while six in ten trimmed expenses on eating out and purchases of new clothes, the bank said after analyzing data on credit and debit card transactions. According to the lender, overall consumer spending grew 4% last month
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