The amount of spending we’ve done in the UK on credit cards this year is down from 2005 according to new figures from Apacs.
In the first six months of 2006 a total of £58.4 billion of spending was recorded, which is down from £60.6 billion in the first half of last year. In comparison, the spending on debit cards has increased from £88.8 billion to £92.5 billion, pointing towards the notion that more people in the UK are trying to pay back their credit card debt.
A spokeswoman for Apacs said, “There is a continuing trend to pay more frequently by debit card and this could reflect the fact that as a nation we are keeping tighter control over our finances."