Financial Times FT.com

British remain cautious on spending

By Norma Cohen

Published: September 8 2009 00:02 | Last updated: September 8 2009 00:02

Signs that the British consumer remains under pressure emerged from two new surveys on retail spending and housing, suggesting that in spite of official data showing rising demand for discretionary goods, households remain cautious about spending.

The British Retail Consortium survey for August showed that strong demand for discretionary consumer goods seen earlier in the summer flagged during the month, with a range of products from footwear to furniture showing a decline from June and July levels. Only food sales surged.

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