Oasis Reunion Sparks Entertainment Spending Surge in UK

British shoppers increased their spending in September, with entertainment seeing a notable rise due to Oasis concert ticket sales. Despite economic concerns, spending on discretionary items rose, and finance minister Rachel Reeves' upcoming budget carries potential impacts for consumer spending. Inflation remains a challenge as real spending power decreases.

British shoppers slightly increased their annual spending in September, largely driven by high demand for Oasis concert tickets, according to a survey released on Tuesday.

Barclays reported that discretionary spending saw a notable rise last month, with entertainment spending jumping by 14.4%, the largest increase since July when Taylor Swift's UK tour tickets went on sale.

The British Retail Consortium also noted an increase in non-essential spending, despite ongoing concerns over impending tax hikes and rising household energy bills under finance minister Rachel Reeves' upcoming budget.

(With inputs from agencies.)