London Daily

Focus on the big picture.
Wednesday, Mar 18, 2026

Cost of living: Platinum Jubilee 'boost' for shops and hospitality despite squeeze on incomes

Cost of living: Platinum Jubilee 'boost' for shops and hospitality despite squeeze on incomes

Two indicators of consumer spending suggest that retailers and hospitality have good cause to toast the Queen's Platinum Jubilee but it could prove to be a short-lived boost to their coffers as rising bills dampen wider demand.
Retailers, along with pubs and restaurants, have enjoyed a "welcome boost" from the four-day weekend celebrating the Queen's Platinum Jubilee, according to two measures of consumer spending.

Early data covering sales and the volumes of people out and about for the public holiday suggested Britons spent heavily on having fun with friends and family following a tough couple of years for stores and hospitality because of COVID restrictions.

This year, the UK's services-dominated economy has slowed as consumer budgets have become squeezed by the intensifying cost of living crisis.

But figures from the British Retail Consortium (BRC) and Sensormatic Solutions showed footfall over the long weekend rose 6.9% compared with the average for May and was 17.1% up for the full week to Sunday.

The BRC said Thursday was the best performing day, with a 45.6% improvement, versus the May average.

Data from Barclaycard Payments - which accounts for almost a third of all card spending in the UK - backed up the increase.

It pointed to a 41.5% rise in spending at restaurants over the Bank holiday weekend compared to the same period last year.

Spending was up 74.2% at pubs, bars and night clubs, while spending on entertainment was up 67.3% and spending on public transport was up 38.8%, the figures showed.

BRC chief executive Helen Dickinson said: "The public took to the streets for the Jubilee celebrations, with retail footfall enjoying significant improvements over the early parts of the long weekend.

"More people hit the shops, with many on the hunt for Jubilee decorations, garden accessories and new outfits."

Supermarkets and the pub sector had been among those speaking of their hopes, in advance of the Platinum Jubilee, of strong demand.

Barclays Payments CEO Rob Cameron said of the performance: "Despite wider concerns around the cost of living, the hospitality sector especially will be pleased by this welcome boost having missed out on two years of unrestricted trading."

However, as official data has shown, the spending spree is likely to be short-lived as households grapple rising inflation - tipped to exceed 10% later this year - driven mostly by unprecedented increases in energy bills across the economy linked to the war in Ukraine.

Data from the BRC for May retail spending, due to be published on Tuesday, is expected to show a fall in May as shoppers tightened their belts amid rising prices across the board.

Fresh Barclaycard data covering the month was also tipped to demonstrate a focus on paying bills for essentials, including energy, while luxuries such as streaming subscriptions continued to decline.

The government announced last month a £15bn package of additional support for households, with a focus on helping the most vulnerable, after the energy regulator estimated that the energy price cap could rise by £830 annually to £2,800 on average in October.
Newsletter

Related Articles

0:00
0:00
Close
UK Security Adviser Viewed US-Iran Nuclear Deal as Within Reach Before Sudden Escalation
UK Prime Minister Urges Continued Focus on Ukraine Amid Escalating Iran Conflict
UK Introduces New Safeguards to Shield Lenders from Bank Run Risks
UK Promotional Products Market Surpasses £1.3 Billion as Demand Strengthens in 2025
Reeves Pushes for Deeper UK-EU Economic Ties to Revive Growth
UK Security Adviser Saw No Imminent Iranian Nuclear Threat Days Before War Erupted
France Signals Warm Welcome for UK Return to EU Single Market Amid Renewed Cooperation Talks
UK Defence Official Criticises Boeing Over Delays to E-7 Wedgetail Programme
UK Urged to Secure Quantum Talent as Minister Warns Against Repeating AI Setbacks
UK Mayors Set to Gain New Spending Powers Under Reeves’ Fiscal Devolution Plan
Western Allies Urge Restraint as Israel Weighs Expanded Ground Operation in Lebanon
Trump Warns NATO Faces ‘Very Bad’ Future Without Stronger Allied Support in Iran Conflict
UK Minister Says Britain Not Bound to Support Every Demand From U.S. President
Starmer Tells Trump Britain Will Not Be Drawn Into Wider Iran War
Starmer Tells Trump Britain Will Not Be Drawn Into Wider Iran War
UK Set to Introduce Steel Tariffs of Up to 50 Percent in New Industrial Strategy
European Governments Decline Trump’s Call to Send Warships to Reopen Strait of Hormuz
Fears Over Iran Conflict Weigh on UK Consumer Confidence
Starmer Says UK Working With Allies on Hormuz Shipping Plan After Trump Raises Pressure
Iran War and Energy Shock Shake Britain’s Economy and Political Debate
Deadly Meningitis Outbreak at UK University Leaves Two Dead and Several Seriously Ill
Deadly Meningitis Outbreak at UK University Leaves Two Dead and Several Seriously Ill
King Charles and Queen Camilla Share Personal Tributes to Their Mothers on UK Mother’s Day
Prince William Honors Princess Diana with Mother’s Day Tribute
UK Economy Stalls in January as Households Cut Back on Eating Out
AI-Generated Singer Becomes Viral Voice for Iranians With New Anthem
London Private Club Founder Plans Exclusive Palm Beach Venue Near Trump’s Mar-a-Lago
Ed Davey Urges Britain to Build Fully Independent Nuclear Missile Capability
What the UK Covid Inquiry Is and How It Investigates Britain’s Pandemic Response
What the UK Covid Inquiry Is and How It Investigates Britain’s Pandemic Response
US Treasury Links British Polo Patrons to Alleged Venezuelan Oil Proceeds Laundering Scheme
Hundreds Gather in London Despite Ban on Annual Pro-Palestinian March
Two Dead and Multiple Students Seriously Ill After Invasive Meningitis Outbreak at UK University
UK Considers Deploying Ships and Mine-Hunting Drones to Reopen Strait of Hormuz
Starmer and Trump Discuss Urgent Need to Reopen Strait of Hormuz Amid Escalating Iran Conflict
Prince Harry and Meghan Markle’s Planned Australia Visit Draws Mixed Reaction From Local Communities
Trump Calls on France and UK to Help Safeguard Strait of Hormuz Shipping Route
Boris Johnson Labels Bitcoin a ‘Ponzi Scheme’, Sparking Debate in Crypto World
UK Considers Targeted Aid for Vulnerable Households as Energy Costs Rise
Stellantis Urges Immediate Review of UK Electric Vehicle Sales Targets
Home Office Reverses Course to Allow Some Dual Nationals to Enter UK Using EU Passports
Reform UK Proposes Replacing Top Civil Servants With Officials Aligned to Government Agenda
Netflix Adds Critically Acclaimed ‘Best Film of 2025’ With Perfect Rotten Tomatoes Score
‘The Sums Don’t Add Up’: UK Farmers Hit by Soaring Costs as Iran War Disrupts Global Supplies
Confidential UK Biobank Health Records Found Online After Researchers Accidentally Expose Data
Trump Urges Britain and Allies to Deploy Warships to Safeguard Strait of Hormuz
Trump Urges Britain and Allies to Deploy Warships to Safeguard Strait of Hormuz
Middle East War Highlights Strategic Importance of Strong UK–Ireland Cooperation
Weak Growth Signals UK Economy Was Faltering Even Before Middle East Energy Shock
Marks & Spencer Tops UK Fashion Retail Rankings as Most Considered Brand
×