Consumers cut back on eating out due to credit crunch

A major lender in the UK has recently claimed that a rising number of consumers in Britain are cutting back on the luxury of eating out as a result of the credit crunch. The ongoing difficult financial climate has left many facing financial difficulties when it comes to the household budget, and one of the ways in which people seem to be cutting back on their spending it to scrap the idea of going out for meals.

The data comes from Abbey, and officials from the bank claim that the credit crunch has resulted in the eating habits of many Brits being dramatically altered. The results of the research indicated that more than 50 percent of consumers in the UK had cut back on going to restaurants to eat, and had reduced the amount of times that they had snacks and meals at pubs.

In addition to this many have also decided to cut back on ordering takeaways, with around 44 percent of consumers claiming that they are going to stop ordering junk food such as kebabs and pizza and opt instead for home cooking. An official from Abbey said: “The current economic climate means that people are looking to make cutbacks where they can to make their money go further.”

The news may please government officials, who have been trying to get Brits to eat more healthily, particularly since concerns were raised about obesity levels amongst kids and young teenagers.