British Spending Growth Might Weaken in the Long Run—PwC

PricewaterhouseCoopers LLP stated UK consumer spending would probably weaken in the long run after its value dropped by over 2% this year as compared to last year’s 3% reading. The country’s spending rates is expected to slow down by 1.7% next year since income gains might be unable to keep in pace with inflation rates. British people might also have to cutback on spending as housing spending might only compose 30% of the country’s total household budget by 2030.