Shoppers enjoy spending splurge

CONSUMERS' confidence in their spending power has grown to its highest point in at least four years as the pressure from living costs continues to fall back, according to a study.

Confidence has prompted increased spending on Britain's high streetsGETTY

Confidence has prompted increased spending on Britain's high streets

The positive swing took the overall index in Lloyds Bank's Spending Power Report to an all-time high level of 154 points in January.

The monthly report found that people are spending almost 1 per cent less on essentials than they were a year ago, with falling gas, electricity and motor fuel costs particularly helping to ease the pressure.

Four out of five people said that they had some discretionary income left over after spending on essentials.

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