UK consumers cut back on dining out to save for Christmas splurge

Online Christmas shopping

Cash-strapped consumers across the UK are reining in on eating out and buying takeaways to save up for what many see will be an expensive festive season.

New credit card transaction data found the amount being spent on going to restaurants plunged 10.8% month-on-month in September, compared to a more modest 5.8% decline in August, according to the UK consumer card spending figures from Barclays.

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