Tuesday newspaper round-up: household spending, British Library, Jamie Dimon, WPP

(Sharecast News) - UK households cut back on spending at the fastest pace in almost five years last month as consumers put Christmas shopping on hold, according to a leading survey. Adding to concerns that uncertainty surrounding the budget has helped dampen consumer confidence, Barclays said card spending fell 1.1% year on year in November - the largest fall since February 2021. The bank said retailers still enjoyed their busiest day of the year so far on Black Friday, with transaction volumes 62.5% higher than the average day for 2025. - Guardian A City trader has triumphed in a High Court battle against his former employer over claims his boss wrongly withheld a $5.4m (£4.1m) bonus before telling him: "F--- you, sue me." Robert Gagliardi has successfully sued Evolution Capital Management for denying him the performance-based payout, despite him generating almost all of the hedge fund's revenues. - Telegraph

The British Library has suggested that staff skip buying Christmas presents this year as the organisation battles strike action over pay. In a memo to staff this month, the British Library said workers could opt for "quality time" with friends and family instead of accepting gifts, as it encouraged people to have a "conversation with loved ones about the cost of living crisis". - Telegraph

Jamie Dimon has attacked the chief executive of Trump Media over a brewing debanking row, telling him to "stop making up things". The boss of JP Morgan dismissed claims that the Wall Street bank had "debanked" the US president's media company, insisting it did not remove accounts based on "religious or political affiliations". It comes after Devin Nunes, a former Republican congressman who now heads Trump Media, claimed JP Morgan had shut down the company's accounts following pressure by the Biden administration. - Telegraph

WPP has landed a contract worth up to £2 billion to manage the UK government's advertising campaigns. The agency, which is based in London, has triumphed after a competitive tender process to secure the four-year contract which was previously held by its American rival Omnicom. - The Times