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Evening Standard
Evening Standard
Business
Simon Hunt

BIZARRE: Brits tighten their belts as inflation erodes household budgets - What They Never Told You

Over a third of low and middle-income consumers are now only buying essential items, an EY survey found (Joe Giddens/PA)

(Picture: PA Wire)

Brits are cutting back their spending as soaring inflation takes its toll on household budgets.

Almost half of consumers are buying less clothing and shoes, while over two fifths are buying less electronics, according to a survey by accountancy firm EY.

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