biz-blogger.net

Christmas shoppers will spend as much this festive season as last year despite the UK remaining in recession, Deloitte has predicted. However, the accountancy firm said that the impact of job losses and higher taxes would mean spending is likely to be squeezed at Christmas next year. People were cutting back on daily indulgences such as snacks, and taking more care over their shopping, it said. A separate report suggested Christmas shoppers were turning to the internet. The research, carried out by the Centre for Retail Research for comparison site Kelkoo, found that 20p in every £1 would be spent online this Christmas – a rise of 24% on the previous year. The Deloitte report found that people were not reining in their spending too much this Christmas owing in part to the savings they have been making on their mortgages at times of low interest rates.