The UK’s restaurant industry has emerged as a clear winner in Britain’s shift away from spending on foreign holidays and towards local restaurants and leisure activities.

Over the summer, spending on eating out rocketed higher while airlines and the travel industry attracted a smaller share of spending, suggesting that consumers are paying more to enjoy themselves at home rather than travel abroad.

The Cardlytics Spending Index, which monitors the shopping habits of over 10m bank customers, found that spending in restaurants grew by 2.3pc in the latest quarter compared to Q2, and almost 12pc from a year ago.

For fast-food the increase in spending was even more marked, following the boom in home-delivery services including Deliveroo and Hungry House. Fast food spend grew over 6pc in Q3 compared to Q2, and surged over 34pc from last year.