Britons are predicted to splash out far more than their European counterparts on Christmas gifts this year, according to two separate reports.
UK shoppers are expected to spend an average of £499 on presents this year…
Broken down, this means that UK shoppers will spend around £36 per gift, compared to £26 elsewhere in Europe. UK shoppers will also snap up a total of 14 presents each – far higher than the average of 8 in the rest of Europe. The research also revealed that Britons are the most likely nation to ‘self-gift’.
This increased spending activity comes as billions of pounds were spent on Black Friday and Cyber Monday.
Consumers spent a record-breaking £3.3 billion online over the four days from Black Friday to Cyber Monday…
…£968 million of which was spent on Cyber Monday alone!
That’s £672,000 a minute!!