BRISTOL, ENGLAND - DECEMBER 20: Christmas shoppers pass retailers on the main shopping street December 20, 2017 in Bristol, England. According to the Confederation of British Industry retail sales in the UK enjoyed solid growth in the run-up to Christmas so far, though trading conditions remained tough, as retailers compete with online sales and the reduction in consumer spending and confidence caused in part by the vote to leave the European Union. (Photo by Matt Cardy/Getty Images)

November 2019 has shown poor consumer spending growth of only 0.9% on the same month last year.

The trend for saving money this year looks set to continue heading into the festive season, with the economic uncertainty of the upcoming general election potentially to blame according to a new Barclaycard report.

Department stores saw a drop of 5.9%, while electronics and clothing retailers fell by 5.0% and 3.3% respectively.


With 36% intending to spend less on Christmas this year, speculation is that the uncertainty of the coming general election may have spooked spenders.

Positivity about the UK economy is at a low of only 27% among those aged 18-34.

Spending on essentials showed no growth at 0.0%. Spending on fuel dipped by 3.1%, while supermarkets rose by a marginal 1.0%.

Spending on non-essentials, meanwhile, was up only 1.3%.

This included strong performances from the takeaway and fast food industry (+11.4%) and discount stores (+6.9%).