Expected to spend 60 billion pounds! Britain is about to usher in a shopping boom after the lockdown

According to foreign media reports, as the UK gradually lifts the blockade, British consumers are expected to expand their spending and will spend up to 60 billion pounds after the blockade ends .

A shopping boom is coming to the UK, with consumer spending increasing significantly

According to foreign media reports, three-quarters of British households managed to save money during the lockdown , with an average saving of £4,808. During the lockdown, the British saved about £245 billion in spending. But the saved money is expected to be quickly squandered after the lockdown ends.

25% of the money UK shoppers save during lockdown will be spent immediately or soon after it ends , according to new data from Future PLC.

Nearly half ( 45%) of UK consumers have already started researching purchases for after the lockdown , with 57% of spending expected to take place between April and June.

Another 58% said they would now be more aware of their purchases and pay more attention to financial considerations, with 43% saying they would visit trustworthy online sites in the future.

Passionate consumption increases, and clothing becomes the first choice for shopping after the lockdown

Of these post-lockdown spending , 76% were related to passion or hobbies . People are prone to passionate spending after the lockdown, with a lot of revenge purchases. Some products that were very popular during the lockdown , such as home improvement and gardening products , continue to benefit.

A quarter of shoppers said they were looking forward to having a big meal once lockdown is lifted , while 29% said they wanted to celebrate life returning to normal.

This will drive a significant increase in spending as shoppers flock to update their summer wardrobes, according to new research from Ebay Ads UK .

More than one in five shoppers said they planned to prioritise buying new clothes once lockdown was lifted , with another one in five saying they had more disposable income to spend than before lockdown .

More than a fifth of 16 to 24-year-olds and those aged over 55 said they returned to bars , nightclubs and more after the lockdown , a trend that is expected to further boost demand for new clothing .

U.K.

Consumer spending

Shopping boom