British Shoppers Spending at Lowest Level Since 2012
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British shoppers tightened their spending over Christmas, leading to the first year-on-year fall in spending since 2012, and leading businesses aim to do the same over 2018, two major surveys showed.Evidence of a consumer slowdown in Britain has mounted since official data showed the weakest household spending growth in five years earlier in 2017 against a backdrop of high inflation and worries about Brexit that weigh on business investment.

British shoppers tightened their spending over Christmas, leading to the first year-on-year fall in spending since 2012. (Shutterstock)
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