BRITS are set to spend more than £670 each over the next two weeks as they shop for new outfits and start wearing make up again to celebrate life after lockdown.
A third are planning to spend more than £53 on a new outfit as they toast the occasion according to Virgin Red, the rewards programme.
? Read our coronavirus live blog for the latest news & updates…
1
Over a quarter (26 per cent) of people are planning to host friends and family in the garden at home over the coming weeks, it found.
And some of those surveyed said that they will spend up to £400 to add the finishing touches to their homes before guests arrive for the first time in months.
On average, consumers have squirrelled away £372 each month during lockdown as they prepare to spend big, Virgin Red said.
The expected spending spree is the latest sign that consumer confidence is staging a rebound, fuelling hopes of a swift economic recovery.
In March, Britain’s consumer confidence score increased by 2.1 points to 108.5, separate research shows. Any score above 100 means more consumers are confident than not.
BENEFIT BOOST
The 15 benefits rising today including Universal Credit and pensions
SALE AWAY
Best high street discounts including Debenhams, Next and H&M with up to 70% off
MIND YOUR BED
Flat so small the bed is suspended over the sofa in kitchen on sale for £140k
EXTRA BENEFIT
Child benefit payments rise today – how it affects you explained
BURGER ME!
McDonald’s is doing £5 off when you spend £20 today – how to get the deal
ON YOUR PRIMARKS
Primark shoppers queue from dawn for first chance to grab a bargain
Rising business activity and optimism about household finances and home values provided the biggest boosts to the score from YouGov and the Centre for Economics and Business Research.
Darren Yaxley of YouGov said: “Our latest consumer confidence index continues to track Britons’ growing optimism, reaching its highest score since August 2018.
“March’s index indicates that many consumers are hopeful for a swift recovery – indicated by the two fifths who believe the economy will be expanding in a year’s time.”
Eager shoppers queue round the block for Primark re-opening in Birmingham
