LONDON (Reuters) – Spending on credit and debit cards in Britain fell last week to 97% of its pre-pandemic average in February 2020, official data showed on Thursday.
The sharpest falls over the past week came for spending in the ‘staple’ and work-related categories, although social spending and spending on ‘delayable’ goods such as clothing and furnishing were furthest below their pre-pandemic level.
(Reporting by Andy Bruce, editing by David Milliken)
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.