Many businesses in the UK are gradually re-opening their doors for the first time since the lockdown and data collected by Barclaycard Payment looks to shed some light on the economic recovery.
The data collected that there are early signs of growth. Last week saw an additional 60% of Barclaycard’s customers had returned to trading and taking payments compared to the first week of April, as lockdown restrictions continued to ease.
“It’s extremely heartening to witness the spike in activity that took place last week, and with some retailers still to open some or all of their stores, we expect sales volumes to continue to rise over the coming weeks.”
“The ability of UK businesses to adapt and grow as they emerge from lockdown is a testament to how dedicated and resilient they are. It will be interesting to watch whether the measures they took to boost income during lockdown, such as turning to social media to increase sales, will become a permanent part of their business models from now on.” – Rob Cameron, CEO – Barclaycard Payments.
