Cashback at the pumps as motorists squeezed by rising prices - London Business News | Londonlovesbusiness.com

"Eligible Barclays customers will earn 5% cashback on fuel purchases at Tesco petrol stations from May 1 to July 31, with a cap of £10 per month."

"The cashback scheme is designed to alleviate the financial pressure from elevated fuel prices, which are influenced by geopolitical uncertainty and supply disruptions."

"Barclays' internal consumer spending data indicates that while confidence in managing finances remains stable, energy-related costs are significantly impacting household expenditure."

From May 1 to July 31, eligible Barclays customers can earn 5% cashback on fuel purchases at Tesco petrol stations. The offer is for purchases between £5 and £200, capped at £10 per month. The scheme targets UK residents aged 18 and over and excludes certain retailers. This initiative coincides with Barclays' broader consumer incentive strategy, including a £200 switching offer for new account customers. Rising fuel prices are impacting household budgets, despite stable consumer confidence in managing finances.

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