Brexit fears threaten to put brakes on Christmas spending

Christmas supermarket

Christmas spending is forecast to be lacklustre as concerns about Brexit weigh on shoppers.

Consumer spending in the UK is anticipated to increase by 0.8% this year – and only 0.2% in the event of a no-deal Brexit – according to the Shopping for Christmas 2019 report produced by the Centre for Retail Research for Vouchercodes.co.uk .

The study found that spend over Christmas –  the six weeks to the end of December – will increase from £79.72bn in 2018 to £80.27bn this year.

The 0.8% rise is lower than the 1.2% advance registered last year and a 1.4% increase in 2017, which the report suggested was because of ongoing concerns about the impact of Brexit.

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