UK Consumers Making Cutbacks

Published: 5/24/2010

A recent study by the Alliance and Leicester has found that almost three quarters of UK adults are cutting back on spending as they deal with the rising costs of living in Great Britain.

The view of around 35 percent of those surveyed by Alliance and Leicester is that their disposable income is decreasing, and will continue to do so as they watch fuel, food and general household bills move ever upwards. Sacrifices are being made in clothes shopping, with nearly 40 percent of people saying they will be reducing their spending, followed by socialising, with around 36 percent of respondents cutting back.

An Alliance and Leicester spokesperson said that the majority of people are feeling things are getting harder now, adding that it is good to see the people of the UK being aware of the situation and doing something about it rather than ignoring what is happening.