The Trader 

Shoppers shy away

The Trader

Data from credit card firm Visa show that for a third consecutive month UK consumer spending shrank in July.  People spent 0.8 per cent less than they did this time last year, the biggest hit being transport and communication (down 6.1 per cent) and clothing (down 5.2 per cent).  It’s the first time we’ve seen a quarterly fall since February 2013.

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