Laclaster Christmas Business UK

Young woman walking by a Christmas tree in London Neil Hall

The sector expects a significant decrease in consumption due to high rates of inflation

October 16 2022 . Updated at 05:00.

The Christmas season is considered the most important for businesses in almost the entire world. However, the wave of inflation hitting the UK threatens to spoil the holiday for the sector. At least that’s what a study by Retail Economics predicts, of which you expect 60% Consumers will reduce their spending During the holidays to deal with the high prices, especially energy prices. The research estimates that Britons will spend €5 billion less this year. Toys, electrical appliances and household items are the products that will suffer the biggest drop. If these expectations are met, hundreds of companies could disappear because they are unable to cope with the increase in energy bills.

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