Pub spending to drop over Christmas

By Iain O'Neil

- Last updated on GMT

Related tags: Supermarket

Pub spending to drop over Christmas
UK consumers will be spending more in shops but less in pubs this Christmas, according to a new survey. According to the figures from Deloitte...

UK consumers will be spending more in shops but less in pubs this Christmas, according to a new survey.

According to the figures from Deloitte Touche, people in the UK are planning to spend 15% more on Christmas gifts this year but reduce the amount they spend socialising.

Britons will spend £16.9 billion pounds on presents for this year's holiday, £2.2 billion pounds more than last year and the highest level in 12 years.

The big pullback in spend on socialising may not bode well for the leisure industry, as hotels, pubs, and restaurants are expected to be hardest hit​Tarlok Teji, UK head of retail at Deloitte Touche.

Tarlok Teji, UK head of retail at Deloitte said: "Gift retailers can look forward to a bumper year, but the big pullback in spend on socialising may not bode well for the leisure industry, as hotels, pubs, and restaurants are expected to be hardest hit.

"Expenditure this year on food and drink will be flat and grocery retailers may need to pull out all the stops to attract more customers."

Related topics: Events & Occasions

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