Dixons Carphone is expected to show signs of wear from the squeeze on consumer spending, despite boosting profits, when it announces full-year results on Wednesday.

The electricals giant - which has stores in Barrow, Carlisle, Kendal, Penrith, Whitehaven and Workington - is set to reveal a nine per cent jump in annual pre-tax profits to around £487.5m, slowing from a 17 per cent rise to £447m in 2016.

Analysts have warned that the firm is likely to feel the strain from customers tightening their belts in the face of rising inflation.

The latest official data for the UK economy suggests shoppers are starting to succumb to Brexit-induced price hikes, with household spending eking out its slowest quarter-on-quarter growth since 2014 in the first quarter of this year.

Dixons Carphone chief executive Seb James said in January that the retailer is primed to ride out an economic slowdown and backed UK shoppers to keep spending with credit while borrowing is cheap.

In May, he said the firm was growing despite the "lively political backdrop", reporting a nine per cent rise in annual sales and two per cent climb in UK revenues for the period.

Group revenue is forecast to come in at £10.5bn, up from £9.7bn last year.

HSBC analyst Andrew Porteous said Dixons Carphone had made "strategic progress" over the past year.

He added: "While the near term demand outlook is challenging as indicated by the return of real wage declines, recent inflation data and retail sales data, the long term position of the business is as strong as ever."