Originally Posted by
LBAflyer22
What's to say people pay on credit cards?
I meant metaphorical credit cards! Savings, cards, or worst personal loans. Whatever with mortgages, rents and the affordability of unsecured credit all becoming more expensive something will have to give. It has happened before in the late1970s and early eighties and it certainly did affect package holidays.
If I were running a business that was heavily dependent on discretionary spending (a holiday not being an essential) I would be cautious until we see this all pans out.