Hospitality under strain as consumers cutback on spending ahead of winter, new report suggests

One in  three are cutting back on groceries, but 6% said they were unable to make cutbacks in as their spending in this area was already at a minimum.

just one in 14 say they have sufficient funds and don’t need to make cutbacks.

Hospitality businesses are set to struggle through another winter, after battling the impact of Covid-19 lockdowns, as soaring costs are forcing consumers to cut back on spending, new analysis found.

Half of all consumers that took part in a recent survey said they are cutting back on socialising activities to save money for rising bills.