UK card spending shows pre-Christmas pick-up: ONS

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Reuters UK

(Corrects to read week (not year), paragraph 2) LONDON (Reuters) – British consumer spending on credit and debit cards picked up in cash terms in early December, in line with usual seasonal trends, the Office for National Statistics said on Thursday after releasing a range of weekly data. Credit and debit card spending in the week to Dec. 1 was 13 percentage points higher than a week earlier, according to interbank payment data for major retailers, provided to the ONS by the Bank of England. Separately, debit card provider Revolut reported that spending by its customers was up by 4 percentage …

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