UK household spending slows to lowest level in almost six years

ONS figures show spend in third quarter of 2017 rose 1% on year before as impact of higher inflation hit living standards

Spending by UK households slowed to its lowest level in almost six years during 2017 as the impact of higher inflation hit living standards.

The Office for National Statistics said spending in the third quarter was up by 1% on the same period in 2016 – the weakest annual growth since the first three months of 2012.

Continue reading…

Read full original article »