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One third of UK consumers to cancel holidays next year as they brace for recession
A third of UK consumers are set to cancel holidays and home improvement projects in 2023, as discretionary income continues to erode and the country faces the prospect of a long recession.
With inflation still hovering in double digits and outpacing earnings growth, consumer discretionary income eroded by a further £100 per month in November, according to the latest Retail Economics-HyperJar Cost of Living Tracker.
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