Thursday 24 December 2015

I expect the UK Boxing Day sales could be higher than the previous years since the crisis.

Boxing Day is in two days. It is the biggest sale day in a year. From the sales data of Boxing Day, it could be used to estimate the purchasing power of the British population.  Moreover, UK bank lending to business growth for the first time since the crisis. This could show that banks believe the UK economy is in growth and the UK companies could do well in the future. Also, it shows that the UK companies are looking for more investment and opportunities as they see their markets are expanding. Additionally, this year people feel more secure about their futures and their incomes are increasing, thus the UK people would like to spend more this Christmas. Therefore, I expect that the Boxing Day sales could be higher than the sales in the previous years since the crisis.

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