…defying scarey economic predictions

Recently, Mervyn King, the head of the Bank of England, pretty much said “we’re stuffed” ! Ok, those aren’t his exact words but over the next few years we should all expect some pretty hard times.

So it would seem that we’re going to slow down on buying, business will dry up, unemployment will rise… It may well happen but I don’t think many consumers (that’s you and me) are listening according to a report released by IMRG and Crapgemini. The figures show UK internet sales reached £4.8bn in July - that’s a massive 11.3 per cent rise  over June. This figure is equivalent to £79 spent for every person in the UK.

‘Hooray, the economy is going to be fine’ - not exactly! Online spending went up, high street sale went down by 0.9%. So, do we finally trust technology to help do our shopping or are we just lazy? Look at is this way, why go to town when you have it delivered?

The largest sales increases were seen in clothing, footwear and accessories, which rose by 22.8 per cent. Call me a sceptic, but a lot of this could be parents getting ready for their kids going back to school!

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