views

Consumers plan thrifty Xmas

Consumers are planning to spend less on gifts this Christmas than last year as they worry about rising unemployment and taxes, putting into question signs of a recovery in consumer spending, a survey showed yesterday. Broker Execution interviewed a representative sample of 2,000 Britons in October and found participants on average plan to spend &pound;358 on presents this year, four per cent less than they forecast this time last year.<br /> <br />