More signs of pre-Christmas pressure on household finances today. Retail sales volume growth of 0.4% in three months to Dec-17 was lowest since three months to Apr-17 and some way down on pre- and post-crisis average Retweeted by
Lower-income households spend more on essentials – food, clothing and housing – than richer households. Among all households, their increased spending in the last financial year has gone on more discretionary items, such as recreation and travel
From @ONS data today and last week - household spending far outpaced household income growth between 2015-16 and 2016-17. This mismatch, along with rising inflation, has contributed to the recent slowdown in consumer spending
.@ONS Family Spending Stats out tomorrow morning. Last year's data showed us the extent to which housing costs are crowding out other spending for younger households in particular. More charts after 9.30am!