Credit Card Spending Decreased in the UK

Credit card spending has declined in the UK following curfew restrictions as part of the fight against coronavirus. Consumers who could not predict their future due to the epidemic reduced their credit card use by half. The curfew began to be imposed in the UK, which was struggling with the coronavirus outbreak. However, consumers, who could not predict their future during the epidemic process, went to reduce their use of credit cards. Credit card spending was recorded at 8.7 billion pounds in April. These figures correspond to half of the expenditure made in the same month of 2019. UK Finance, the union of financial institutions in the country, stated that this decline was the biggest decrease since the 2008 crisis. Vacation plans, which were canceled due to the epidemic, also affected this drop significantly.