Tag: Barclays forecast
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Boxing Day sales hit as UK shoppers pause for tax rises
Boxing Day sales face a chill as tax rises dampen consumer confidence British shoppers are expected to shun the Boxing Day sales this year as the political backdrop of higher taxes weighs on household budgets. Barclays has forecast a notable decline in festive spending, with overall sales during the period slipping to about £3.6 billion—roughly…
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Shoppers Shun Boxing Day: Tax Rises Dampen Festive Spending
Boxing Day sales forecast under pressure as tax rises bite British shoppers are expected to pause before the Boxing Day sales this year, as a combination of tax rises and fading consumer confidence weighs on discretionary spending. Analysts at Barclays have projected a fall in festive-season spending, bringing the total for the holiday sales period…