People are finally spending more on their cards

Is this the sign we've been waiting for?

I may just have spoken to the most optimistic and cheery senior UK-based banker for many a year.

Dave Chan, CEO of Barclaycard Europe, is not just chirpy about the prospects for UK plc; he says that there is evidence going back to the second quarter of the year that we may have turned a corner. In short, people are spending more on their cards.

In May and June, "nominal spend" – that is expenditure taking account of inflation – of Barclaycard cardholders rose for four months in a row for the first time in three years. Given the importance of consumer spending as an engine of growth and with expenditure now on a gentle upward trend, we may indeed be witnessing the recovery starting to gain momentum.

That is however only part of the story. The clever number-crunchers at Barclays have been analysing just what exactly we are using our cards to purchase. There are signs that discretionary expenditure is rising including purchases such as foreign holidays Perhaps the real clincher to back up Chan’s optimism relates to card expenditure on home improvements.

In the past couple of months he says that there has been a big uplift in expenditure in this sector.

Meantime, UK unemployment remains stubbornly high at 7.8 per cent. If the Bank of England forecasts for GDP growth are accurate – and here it has a decidedly mixed track record – we will only enjoy growth of 1.4 per cent this year and 2.3 per cent next year.

For those of us old enough to have lived through economic upturns following past recessions, such relatively low rates of growth are way below the growth levels witnessed during the Thatcher second term and Blair’s first term.

The chances of UK unemployment falling below 7 per cent and the trigger for a change in UK monetary policy – that means higher interest rates to you and me – is slim in the next three years. That inevitably will impact the prospects for the share prices of the major UK banks.

As for home improvements major players, such as B&Q’s parent Kingfisher, there may be renewed interest in how its share price performs. Analysts following Kingfisher are divided with six rating the stock a sell, seven say hold with 13 recommending a buy.

Time will tell if Chan’s grounds for optimism are well founded.

I am glad to report, that at no time during the course of a lengthy conversation did he use the phrase “green shoots” (Norman Lamont circa the 1991 recession).

A handful of credit cards. Photograph: Getty Images

Douglas Blakey is the editor of Retail Banker International

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The footie is back. Three weeks in and what have we learned so far?

Barcleys, boots and big names... the Prem is back.

Another season, another reason for making whoopee cushions and giving them to Spurs fans to cheer them up during the long winter afternoons ahead. What have we learned so far?

Big names are vital. Just ask the manager of the Man United shop. The arrival of Schneiderlin and Schweinsteiger has done wonders for the sale of repro tops and they’ve run out of letters. Benedict Cumberbatch, please join Carlisle United. They’re desperate for some extra income.

Beards are still in. The whole Prem is bristling with them, the skinniest, weediest player convinced he’s Andrea Pirlo. Even my young friend and neighbour Ed Miliband has grown a beard, according to his holiday snaps. Sign him.

Boots Not always had my best specs on, but here and abroad I detect a new form of bootee creeping in – slightly higher on the ankle, not heavy-plated as in the old days but very light, probably made from the bums of newborn babies.

Barclays Still driving me mad. Now it’s screaming from the perimeter boards that it’s “Championing the true Spirit of the Game”. What the hell does that mean? Thank God this is its last season as proud sponsor of the Prem.

Pitches Some groundsmen have clearly been on the weeds. How else can you explain the Stoke pitch suddenly having concentric circles, while Southampton and Portsmouth have acquired tartan stripes? Go easy on the mowers, chaps. Footballers find it hard enough to pass in straight lines.

Strips Have you seen the Everton third kit top? Like a cheap market-stall T-shirt, but the colour, my dears, the colour is gorgeous – it’s Thames green. Yes, the very same we painted our front door back in the Seventies. The whole street copied, then le toot middle classes everywhere.

Scott Spedding Which international team do you think he plays for? I switched on the telly to find it was rugby, heard his name and thought, goodo, must be Scotland, come on, Scotland. Turned out to be the England-France game. Hmm, must be a member of that famous Cumbrian family, the Speddings from Mirehouse, where Tennyson imagined King Arthur’s Excalibur coming out the lake. Blow me, Scott Spedding turns out to be a Frenchman. Though he only acquired French citizenship last year, having been born and bred in South Africa. What’s in a name, eh?

Footballers are just so last season. Wayne Rooney and Harry Kane can’t score. The really good ones won’t come here – all we get is the crocks, the elderly, the bench-warmers, yet still we look to them to be our saviour. Oh my God, let’s hope we sign Falcao, he’s a genius, will make all the difference, so prayed all the Man United fans. Hold on: Chelsea fans. I’ve forgotten now where he went. They seek him here, they seek him there, is he alive or on the stairs, who feckin’ cares?

John Stones of Everton – brilliant season so far, now he is a genius, the solution to all of Chelsea’s problems, the heir to John Terry, captain of England for decades. Once he gets out of short trousers and learns to tie his own laces . . .

Managers are the real interest. So refreshing to have three young British managers in the Prem – Alex Neil at Norwich (34), Eddie Howe at Bournemouth (37) and that old hand at Swansea, Garry Monk, (36). Young Master Howe looks like a ball boy. Or a tea boy.

Mourinho is, of course, the main attraction. He has given us the best start to any of his seasons on this planet. Can you ever take your eyes off him? That handsome hooded look, that sarcastic sneer, the imperious hand in the air – and in his hair – all those languages, he’s so clearly brilliant, and yet, like many clever people, often lacking in common sense. How could he come down so heavily on Eva Carneiro, his Chelsea doctor? Just because you’re losing? Yes, José has been the best fun so far – plus Chelsea’s poor start. God, please don’t let him fall out with Abramovich. José, we need you.

Hunter Davies is a journalist, broadcaster and profilic author perhaps best known for writing about the Beatles. He is an ardent Tottenham fan and writes a regular column on football for the New Statesman.

This article first appeared in the 27 August 2015 issue of the New Statesman, Isis and the new barbarism