The given graphs give information about the changes in consumer spending for distinct purposes and in taxation and consumer credit in the UK from 1990 to 2010.
Overall, both the percentage of taxation and available credit experienced an upward trend during the investigation. The data also showed that the amount of money spent on domestic supplies peaked in 2005 and outnumbered other years.
In 1990, UK residents did not have to pay taxes and were not allowed to owe money. From 1990 to 2007, the percentage of taxation rose significantly to 60% and hit the highest point during the research while there was a smaller rise in available credit's figure, to 30%. After 2007, both statistics dropped gradually.
In 1990, the percentages of money spent on food and household gadgets were equally the same, at about 1. 6% while the proportion of clothes was smaller, at 1%. However, from 1990 to 2005, UK consumers spent more money on all categories. In 2005, the proportion of household appliances rose to 5. 6% while the figures for food and clothing were 3% and 5%, respectively. After 2005, consumer spending dropped in all kinds of supply.
The
given
graphs give information about the
changes
in
consumer
spending for distinct purposes and in taxation and
consumer
credit in the UK from 1990 to 2010.
Overall
, both the percentage of taxation and available credit experienced an upward trend during the investigation. The data
also
showed
that the amount of
money
spent on domestic supplies peaked in 2005 and outnumbered other years.
In 1990, UK residents did not
have to
pay taxes and were not
allowed
to owe
money
. From 1990 to 2007, the percentage of taxation rose
significantly
to 60% and hit the highest point during the research while there was a smaller rise in available credit's figure, to 30%. After 2007, both statistics dropped
gradually
.
In 1990, the percentages of
money
spent on food and household gadgets were
equally
the same, at about 1. 6% while the proportion of clothes was smaller, at 1%.
However
, from 1990 to 2005, UK
consumers
spent more
money
on all categories. In 2005, the proportion of household appliances rose to 5. 6% while the figures for food and clothing were 3% and 5%,
respectively
. After 2005,
consumer
spending dropped in all kinds of supply.