Barclays says customers will wake up to an extra £133 in their bank account this month. Two in five (39 per cent) say July’s rainy weather led them to cut-back on “summer spending”, the high street bank has revealed this month. The average Brit reduced their outgoings by £133.
40, with 18-34 year-olds cutting back the most, at £158.40. This looks to have impacted both home improvements & DIY (-7.
5 per cent) and sports & outdoor (-7.9 per cent), which contracted considerably, marking 13 months of decline for both categories. Pubs, bars and clubs saw an uplift of 4.
9 per cent in July – the category’s highest growth since January – as football fans flocked to their local to watch the final rounds of the Euro 2024 tournament. Despite England’s loss, the final against Spain led to payment transactions almost tripling at pubs and bars on 14 July, increasing by 195.6 per cent year-on-year.
READ MORE DWP could make Pension Credit 'automatic' for state pensioners This also marked the busiest Sunday of the year for pubs, with transaction volumes up 92.9 per cent compared to the average Sunday in 2024. Confidence in the UK economy improved by five percentage points in July, rising to 32 per cent – the highest level since February 2022.
However Brits’ confidence in their household finances and ability to live within their means both declined, at 65 per cent (down two percentage point) and 70 per cent (down three percentage points) respectively. Following news in July .