Visa warns 2017 consumer spending set to hit five-year low

Britain’s hard-pressed consumers have tightened their purse strings further over the course of 2017 according to a new survey by Visa, with high street expenditure falling for a seventh straight month on the trot.
The string of declines look set to ensure 2017 becomes the worst year for UK consumer spending since 2012 with spending falling by 0.9% in November versus the same month a year ago, coming hot on the heels of a 2.1% fall in October.
Heaping further gloom on the past year Visa fou