Retail Economics

In an environment of soaring interest rates and stubborn inflation, UK households continue to feel the sting of the ongoing cost of living crisis, with a cumulative loss of £65 billion in spending power forecast by May 2024, according to research by Grant Thornton UK and Retail Economics.

New research from Grant Thornton UK and Retail Economics has revealed that almost nine in ten UK consumers intend to cut back their spending over the year ahead.