Savers entering a ‘highly uncertain period’ as consumers splurged over summer – get ready

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Savers entering a ‘highly uncertain period’ as consumers splurged over summer – get ready

“That said, a gradual return to the office for many will start to breathe life into city centres; fuel transactions are returning to similar levels

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“That said, a gradual return to the office for many will start to breathe life into city centres; fuel transactions are returning to similar levels seen last year as we start commuting again, and clothing spend saw growth for the first time since March 2019 – perhaps a knock-on effect of workers buying ‘back-to-school’ wardrobes for themselves.”

Additionally, these positive figures could be overshadowed by the fact that government support schemes of this nature are coming to a close.

As Svenja concluded: “While the recent results are positive, we are going into a highly uncertain period.

“Furlough is coming to an end, we are expecting the upcoming Budget to announce the first steps of how the country is going to pay for the pandemic, and there is concern over a second wave of the virus coming with the colder months.



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