Slower growth: A pedestrian passes an English Tailoring shop at the Canary Wharf financial, shopping and business district in London. Consumer spending is expected to grow 1.3 this year, slipping further from a six-year low of 1.4 in 2017. — Bloomberg
LONDON: UK households will tighten their belts even more this year as the impact of faster inflation and weak wage growth deepens.
Consumer spending would grow 1.3% this year, slipping further from a six-year low of 1.4% in 2017, EY Item Club said in a report.
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