Christmas spending is set to hit £88.29bn this year as consumers boost spending on festive celebrations after years of Christmas cutbacks.
VoucherCodes.co.uk's Shopping for Christmas Report 2024 forecasts a 4 percent boost in sales this festive season, with consumers spending on gifts, food and drink, and holiday travel.
Whilst this rise comes partly from inflation, it's also driven by a 1.4 percent rise in sales volume year-on-year, as consumers have more money in their pockets to buy more items.
Whereas other European nations will see a decline in spend YoY, the UK is the only nation out of seven analysed to see a healthy boost in festive sales.
Posted: 11 November 2024
