People leave a Burberry store in London, Friday, Oct. 21, 2016.(AP Photo/Frank Augstein)
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U.K. shoppers spend more on essentials as inflation risesBritish households spent more money on food and other essentials last month but held back on less urgent purchases as they faced rising prices, two sets of industry figures showed Tuesday. Payments company Barclaycard said year-on-year consumer spending growth slowed to a 15-month low of 2.5 percent in June from 2.8 percent in May, as spending on household goods and entertainment slowed.The British Retail Consortium said its measure of retail spending growth rose to 2.0 percent last month from 0.2 percent in May, above its average of 1.4 percent in the past six months.
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