With the festive whirlwind of December almost
a distant memory,
UK households are dusting off their
credit and
debit cards on their return to the
high street .
Whether consumers are all too familiar with the scare of the
economic crisis and the over-arching
recession seems irrelevant, as
Barclaycard Global
Payment Acceptance announce an increase of eighteen percent on
debit and
credit card purchases during March. This figure is of course
are marked improvement on last year's 'Christmas
recovery' with a significant number of people returning to the
retail sector for both high street and
online sales .
The financial boost for personal and household spending during the
the month of March has been identified as a growing trend over the
last three years. It has been reported that the improved figure is
in fact nine point two percent higher than last year's data,
and a further seven point one percent stronger than the year
before.
It seems as though March sees the return of UK households to their
financial budget as
mortgages, credit and
personal loans seem less of a strain on the majority of
families. Whether the highly-publicised personal and national
debts has impacted on the issue remains unseen. The figures do
however follow a report from the
Payments Council which identified a marked decrease in the
number of customers using what has been referred to as
'traditional methods' of payment – such as
cash, whilst opting for
credit purchases and debit card transactions.