Are you spending less this Christmas?

According to research for Visa UK shoppers expected to cut back this Christmas. The first dip in consumer spending for five years predicted by research for Visa. Of every £5 spent during November and December, almost £2 will be spent online. The report stated “Although overall sales are likely to disappoint, we expect some clear winners to emerge. Online and mobile are set to take a record share of Christmas spending. Hotels, restaurants and bars are also forecast to report strong growth as Britons choose to celebrate Christmas and New Year closer to home.”