Lloyds Bank

Consumer confidence declines as spending power growth stalls

09 August 2011

Discretionary spending power after inflation has stalled over the past two months and fell back to 0.2% year on year growth in July, according to the latest Lloyds TSB Spending Power Report. This follows an upward trend throughout the first half of the year, when spending power growth improved by 1.6% points in five months.

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