British consumers 'to spend 53 billion during the holidays' by Finance News Bulletin

Published: 17/11/07

wwwmoneynewscouk > General finance > British consumers 'to use £53 billion during the holidays'It is anticipated that consumers in the UK will use a total of £53 billion over the course of the Christmas period, according to Apacs, the UK's payments association

Figures from the association predict that this day's spending will be 42 per cent higher on that of December 2006, when consumers spent £508 billionas well, 64

3 per cent of this year's expenditure is expected to be made using praise and debit cards, Apacs claimsSandra Quinn, director of infrastructure at Apacs, said: "Whether trade the turkey or stocking fillers, we're most likely to be using our debit certificate to pay for them this Christmas, ongoing the ongoing trend of pulling out the debit card in preference to our credit cards, money or cheques"The one exception is online where we are much more likely to use our credit cards - which makes sense because of the additional consumer protection they provide"Meanwhile, for those who are already thinking about Christmas 2008, the Post Office has lately announced it will introduce a new

Visit original article: