Jane Croft reports on a study published by the Credit Card Research Group on credit card usage in the UK.
Plastic card use in the UK accounts for more than half of all spending in high street stores. Currently 60 companies issue about 2,000 different types of credit cards in the UK.
Melanie Johnson, minister for competition, consumers and markets, said: “This research shows that the use of credit and debit cards is growing in the EU and that consumers in the UK are at the forefront in terms of their use of cards.”