
According to analysts at Capital Economics, consumer spending will rise by 1.4% in 2025. This will be followed by 2% in 2026 as the household savings rate falls. Ashley Webb, the firm’s UK economist, said consumer spending will be “a key driver” of economic growth. The report suggests that GDP will increase by 1.3% this year and 1.6% next year.
iBOSS Comment:
If true then this is good news for the UK economy in general and industries such as retail, travel and leisure in particular. As with all well-run businesses, the key is to be prepared for a potential upturn in opportunities. If you need help in planning for this, then contact us at iBOSS on 07876 503830, e-mail phil@theiboss.co.uk or click on our enquiry form and ask for a free initial consultation on how we can help you to grow your business.