Boxing Day spending higher than ever at £3.93 BILLION as tourists cash in on the cheap pound after Brexit
“Titanic Tuesday” will see a £1.86billion splurge all over the country
A RECORD million-strong army of foreign shoppers sent Britain’s Boxing Day spending soaring.
Tourists cashing in on the cheap pound after the Brexit vote helped boost spending to a record £7.28million a minute on the £3.93billion highest-spending day in history.
And “Titanic Tuesday” will see a £1.86billion splurge all over the country.
The biggest influx of foreign bargain-hunters is seeing numbers of overseas shoppers double and spending rocket 50 per cent compared with the post-Christmas sales a year ago, experts said.
A million overseas shoppers have jetted into the UK for the Boxing Day sales, according to the Centre for Retail Research.
Shoppers from Holland, France, Germany and Italy are leading the rush from Europe, with others from China, Japan, the Middle East and the US also flocking to Britain, the CRR said.
Oil-rich Qataris spend the most, a whopping average of £1,951 per transaction, experts Global Blue said.
Chinese shoppers spend £1,250 per transaction and Americans £699.
Meanwhile, some £200million of unwanted gifts are expected to be returned to shops today.
The average Brit receives two presents each year that they don’t like, typically costing around £18.95 each.
In total 115million gifts worth £2.2billion will be unwanted, according to research by eBay.