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Graph report sample #66

The table below shows the total consumer spending in the United Kingdom by method of payment.

Summarize the information by selecting and reporting the main features, and make comparisons where relevant.

66

The data provides a breakdown of the expenditure by consumers in the United Kingdom according to different ways of paying between 2005 and 2008.

Debit card payment was the top method of payment in 2008, increasing fairly gradually from 29.5 per cent to 36.3 per marker, while that for credit and charge rising to 19.7 per cent in 2008 from 19.4 per cent in 2005. By contrast, there was a decline in payments by both cash and cheques with the former dropping from 33.1 per cent to 29.2 per cent and the latter falling proportionately more from 15.9 per cent to just12 per cent, a fall of almost 25 per cent overall.

Other payment methods, while much lower than the other means of payment, amounted to 2.1 per cent in 2005 compared to 2.8 per cent in 2007.

It is clear that while overall expenditure increased gradually over the period (from £494.5 billion to £524.6 billion), the methods for making payment changed, with cash and cheques becoming less popular.

January 8, 2017

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