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UK consumer spending weakens over week to Feb. 11

Europe Materials 18 February 2021 13:55 (UTC +04:00)

British consumer spending fell over the past week and the proportion of people on furlough and who are working exclusively from home increased, as the country remained in a coronavirus lockdown, official figures showed on Thursday, Trend reports with reference to Reuters.

Debit and credit card spending - as measured by Bank of England CHAPS payment data - was 28% below its level in February 2020 during the week to Feb. 11, representing a greater shortfall than the 24% shortfall reported the week before.

Businesses said 20% of their staff were on furlough between Jan. 25 and Feb. 7, up from 18% two weeks earlier but below the peak of 30% recorded in June during the first lockdown, the Office for National Statistics said.

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