Credit, Collections & Insolvency News
Latest Barclaycard data has suggested that the August bank holiday was the busiest for consumer activity since Christmas 2019, with transactions 14.4% up on the same long weekend in 2020 and 9.4% higher than in 2019.
The analysis shows Saturday and Sunday saw more transactions than on any day since Christmas Eve 2019, with activity especially strong in the leisure and entertainment and food and drink sectors. In the leisure and entertainment sector, transaction volumes were up 37.2% on 2020 and 26.8% higher than in 2019, while in the food and drink sector activity jumped 20.3% on 2020’s August bank holiday and by 14.5% on 2019’s. Reflecting on the surge in consumer activity,
Rob Cameron, Chief Executive of Barclaycard Payments, said “This is hopefully a sign of more positive times to come, and a testament to the strength and resilience of British businesses when it comes to adapting and thriving in a post-lockdown world.”
