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  • UK households cut £106 a week during the pandemic with lowest earners hit hardest

UK households cut £106 a week during the pandemic with lowest earners hit hardest

UK households cut back on average £106.40 a week during the first year of the pandemic, with the lowest earners being hit the hardest.

by | 18 Jul, 2022

Average weekly expenditure for all households dropped from £587.90 to £481.50 in the year to March 2021, according to fresh data from the Office for National Statistics (ONS).

The 18% drop in spending exceeds any year-on-year decrease throughout the 2008 economic downturn and subsequent recovery, which averaged only 2%.

Read more at Yahoo Finance

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