UK card spending (Barclaycard) down 36% in April

Barclaycard reported credit and debit card spending fell by 36.5% y/y in April

  • spending on travel, pubs and restaurants collapsed during the shotdown
  • spending at pubs and restaurants down 97%
  • supermarket sales up by 14%
  • online spending on home improvements +27%
  • confidence in the economy dropped to its lowest for at least six years with just 20% of adults feeling positive

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