Instead of sitting around the tree on Christmas day savouring the company of friends and family, why not get the laptop out and do a bit of online shopping?
Wednesday: A homeless man sits outside the entrance to Green Park Tube Station in central London on Christmas Eve, while a man and a woman kiss goodbye after a shopping trip. There was yet more evidence this week that the world’s economies are limping into the new year, with Britain contracting more sharply than first thought and further signs that the U.S. economy is in a sharp decline. REUTERS/Andrew Parson
A report published today by Verdict Research predicts a surge in discount grocers in Britain. Verdict Research says discounters like privately owned German groups Aldi and Lidl should raise as much finance as possible to aggressively expand in markets where they are under-represented.
The Friday night take-away, Saturday shopping spree and summer get-away are in line for the chop, as consumers become increasingly nervous over looming recession. Almost nine out of 10 Britons say they will cut spending on non-essential items to cushion themselves against impending economic downturn, according to a poll of 1,000 people for Web site Fool.co.uk.