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UK consumer spending disappointed in November, surveys show
UK card spending dropped 1.1% year-on-year in November as inflation and pre-Budget uncertainty prompted consumers to cut back on Christmas purchases, Barclays data shows.
- Last month Barclays reported card spending fell 1.1% year on year in November, the steepest decline since February 2021 as UK households sharply cut back on Christmas spending.
- Amid pre-Budget speculation around the 26 November budget, pre-Budget uncertainty and talk of tax rises rattled consumers while high inflation and rising bills squeezed budgets.
- Black Friday produced a sharp one‑day spike, lifting transactions 62.50% above an average day, while TikTok Shop sold 27 products per second and VoucherCodes showed �3.7m spent per minute on Cyber Monday.
- Pub spending fell 1.50% in November as younger adults cut back on drinking out, while retailers and pub operators urged Chancellor Rachel Reeves to reconsider business-rates changes hitting mid-sized retail chains.
- Barclays economists noted that 2025 saw economic deceleration and recovery depends on easing interest rates and falling inflation, while industry groups urged policymakers to support confidence and reduce costs for 2026.
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UK Consumer Spending Disappointed in November, Surveys Show
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November retail spend falls year-on-year despite Black Friday boost - InternetRetailing
Despite Black Friday being the busiest shopping day of 2025, November retail spend fell -1.1% year-on-year in the UK, marking the sharpest decline in consumer card spending since February 2021, according to the latest Barclays Consumer Spend report. In a year that’s been defined by consumer uncertainty, retailers began BFCM (Black Friday Cyber Monday) promotions earlier than ever, hoping to entice cautious shoppers. Those efforts paid off on BFC…
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Leaning Left2Leaning Right0Center2Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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