Household spending drops 0.9% in July

Household spending dropped 0.9% in July due to “disappointing growth” in real earnings,  according to Visas’ UK Consumer Spending Index.
The quickest fall in spend was registered in retail categories, decreasing by 1.2% year-on-year, and ecommerce expenditure fell by 0.5% after a marginal rise during June (0.4%).