UK consumers cut spending for first time since late 2024, Barclays card data shows

British consumers cut their spending in April for the first time since November 2024, focusing on essentials rather than leisure. Spending on Barclays credit and debt cards fell by 0.1% in annual terms, with heavy declines in hotels and travel. Retail sales also dropped by 3.0% in annual terms, with weak consumer confidence playing a role due to fears about the Middle East conflict driving up living costs. Card spending on travel decreased by 5.7% in annual terms.