Britons spend more on eating out in July, despite Brexit fears

24 August 2016
Britons spend more on eating out in July, despite Brexit fears

Britons spent more on eating out in July this year than in the same period the year before, despite expressing fears that they would be worse off next year.

Pub group Greene King's Leisure Spend Tracker for the month showed an 8% year-on-year increase in spending on eating out, and a 3% increase on June.

Nonetheless, 33% of respondents said they expected their household's financial situation to be worse off next year. Only 8% said they expected an improvement in their prospects.

This was especially true among younger adults with 35% of 18 to 34-year-olds admitting to being worried about their future finances.

The increase in spend from June to July was supported by a 19%, or £17, increase in monthly spending by households with children, as families dined out during the school holidays.

Households with children have also seen an increase in spending on drinking out, rising by 32%, or £14, month-by-month.

Rob Rees, Greene King group marketing director, said: "This month's Greene King Leisure Spend Tracker reveals that the uncertainty created by Brexit is worrying Brits of all ages. The impact of Brexit on personal finances is a concern but, in fact, UK adults are more pessimistic about the prospects of the wider economy and the potential threat of recession later this year."

by Charlotte Flach

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