
Warm Weather and Easter Weekend Boosted UK Spending in April, Says Barclays
Category: Business,
2025-05-12 23:01
Barclays reports that UK consumer card spending rose by 4.5% year-on-year in April, driven by unusually warm weather and the Easter holiday, despite concerns about global economic conditions and US tariffs.
According to new data released by Barclays, British households increased their spending in April 2024, with consumer card transactions rising by 4.5% compared to the same month last year. The growth in spending was attributed to an unusually warm spell of weather and the extended Easter weekend, which encouraged more people to shop, dine out, and travel. This boost in consumer activity occurred despite ongoing concerns about the global economy, particularly the potential impact of US tariffs. The data suggests that, at least temporarily, UK consumers were willing to set aside anxieties about international economic uncertainties in favor of enjoying seasonal events and favorable weather. Barclays' findings are considered a key indicator of consumer confidence and economic resilience in the UK, as household spending accounts for a significant portion of the country's GDP. The report also highlights the importance of seasonal factors and public holidays in influencing retail and leisure spending patterns.
Source: The Guardian
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