Data: Budget added to consumer caution, says RSM UK

Last month’s budget (on 26 November) gave consumers little comfort as they chose to double-down on saving in favour of spending, according to RSM UK’s latest research.
RSM’s quarterly Consumer Outlook survey found that if given a £5,000 windfall this week, nearly 60% of consumers would choose to either save it (38%) or pay down existing debt (19%).
Only 8% would spend it on Christmas presents in the latest blow to the retail industry.
In fact, 57% of consumers plan to sav