Cost of Living Crisis Dampens UK Christmas Shopping Season
-
Britons expected to buy fewer and cheaper gifts this Christmas as cost of living crisis persists, with total spending up 3.4% but down in real terms.
-
Online spending for Black Friday predicted to fall 2% year-on-year despite high inflation.
-
Clothing sales already dropped in September and October as shoppers wait for discounts.
-
Grocery retailers launched Christmas delivery slots earlier as households spread costs.
-
Poorest households have seen disposable income drop by 25% in a year, leaving a £75/week shortfall.