CCR Magazine

You are here  :Home arrow News arrow The UK is a nation of savvy shoppers, new survey reveals
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
The UK is a nation of savvy shoppers, new survey reveals PDF Print E-mail
Wednesday, 13 December 2017
Over a third of UK shoppers say they will be able to spend less on their Christmas shopping this year compared to 2016, the latest Christmas Barometer™ from Ferratum UK, has revealed. 

The survey, which collected the opinions of 21,000 consumers across Ferratum Group’s 20 country locations, revealed that 33% of the UK public have become savvier in their shopping habits and plan on spending less over the course of this festive period compared with last year. A quarter (25%) of respondents said that over half their shopping will be done online, with many consumers using online marketplaces to grab a bargain. In comparison, 47% expect to spend the same as last Christmas and just one in five (20%) think they will spend more.

The research also revealed that 41% of shoppers will use their savings to finance their Christmas shopping this year. This highlights a growing awareness of the financial impact of the holiday period, which has prompted more consumers to build up their savings in the run-up to December. To support this, 80% will be using mobile banking over the holidays, suggesting that consumers will be carefully watching their bank balances while at home.

Globally, the survey revealed that the top Christmas spenders this year will be Mexico, Romania, Spain and Brazil, with each country spending more than 28% of their monthly income on Christmas. At the other end of the scale, shoppers in Croatia, Norway, Finland and the Netherlands are expected to be the lowest spenders, spending only 13% of their monthly income.

Antony Gundersen, UK Country Manager for Ferratum, comments: “These figures show that millions of UK consumers will be taking a more sensible approach to Christmas spending this year, with many taking advantage of online deals and discounts to save money. It’s also interesting to see that so many Britons are using savings to fund their Christmas shopping this year. Viewed together, these two trends show that UK consumers are committed to making their money go further at a traditionally expensive time of year.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197