London consumer spending soars during cheap meal scheme : CityAM

The Eat Out to Help Out scheme gave London restaurants a huge boost in August, with spending jumping to just 10 per cent below its 2019 level, according to the latest data provided exclusively to City A.M.

Food and beverage spending in London in July was a whopping 39.1 per cent lower than a year earlier, showed figures from Fable Data, which tracks card payments and bank transactions.

Read more: More than 100m meals eaten through Eat Out to Help Out scheme

But chancellor Rishi Sunak’s cheap meal scheme helped push up spending in the sector to only 9.8 per cent below its 2019 level last month.

In London overall, total consumer spending was 10.6 per cent higher in August than a year earlier. It had been 27.2 per cent lower in July.

“The scheme was undoubtedly a widespread success for those businesses that were open and chose to take

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