Posts Tagged ‘Huffington Post’

FPS’ Friday Fiver

Yes, it’s Friday, and even though the weather’s not looking great, it is at least the weekend. Undertandably this week, most people have had their heads focused on one story in particular. However, there’s also plenty else going on which is why nin this edition of the Financial & Professional Services Fiver we bring you some of the stories you may have missed this week.

Thanks as ever to our contributors – this wek, Jo, Ed and Clare.

To save or spend, that is the question…With retailers going bust on UK High Street, you could be forgiven for thinking that consumers have no money to spend. However, quarter two’s Visa Europe: UK Expenditure Index (our client) paints a more complicated picture of consumers’ expenditure behaviour.

Consumers aren't spending and the high street is in trouble. The reasons why are more complex than you might imagine though (Image: Guardian.co.uk)

The Index shows that year on year consumer expenditure increased by 4.4% in quarter two. The monthly data for April, May and June shows year on year increases in expenditure of 4.2%, 4.5% and 4.3% respectively. However when you look more closely at May’s figures, things start to get interesting: expenditure growth in May was bolstered by consumers saving rather than spending as they put their money into NS&I certificates. The impact of one-off factors were largely diminished in June, which saw a strengthening of underlying spending as consumers cautiously returned to the High Street and ‘usual’ spend.

It seems that consumers are becoming increasingly circumspect about what they do with their money.  The challenge for the High Street is to convince consumers their money is best spent with them rather than saved. This is a battle that may well get bloody…

The Huffington Post launches…Yes, HuffPo, as it is affectionately known Read the rest of this entry »