Scotland leads the way on high street spending recovery, according to new data from Takepayments.
The insights from Takepayments’ bi-annual research into high street spending reveals the places showing the strongest year-on-year growth are Kirkwall (22%), Inverness (10%), and Paisley (7%).
Across the board, it is the smaller towns and cities that are outpacing the rest of the UK in terms of growth in high street spending.
Sandra Rowley, Head of Marketing, said: “Consumer spending is firmly in the spotlight at the moment amid the current cost of living crisis. Naturally, spending is down year-on-year as millions are cutting back to save money where they can. It comes as no surprise in that case that our report found overall spending is down 1% year-on-year and 3% over the past six months.
“While things are back to some sense of normality, the after-effects of lockdowns and restrictions are likely to be felt for a long time to come. Workers continue to reduce the amount of time spent in offices, for example, which means less footfall through busy city centres. This goes some way towards explaining why smaller towns and cities are outpacing the giants when it comes to spending power.”
