Brits To Spend £4.9 Billion On Black Friday Weekend

Some UK consumers may be trying to tighten their belts in the lead-up to Christmas, but their good intentions are sure to go out of the window during the last weekend of November when many will be taking advantage of the Black Friday and Cyber Monday sales.

Indeed, more than a third (34 per cent) of shoppers plan to check the discounts on the weekend starting Friday November 25th to try to bag a bargain, Gocompare.com has revealed.

That’s why it is believed consumers will fork out as much as £4.9 billion between Black Friday and Cyber Monday, with the American custom becoming increasingly popular in the UK too.

Matt Sanders from Gocompare.com Credit Cards said: “British shoppers have wholeheartedly embraced the Black Friday and Cyber Monday sales to bag bargains and kick-start their Christmas shopping.”

He went on to say that instead of saving money on the extreme discounts, “the hype around the sales can tempt some people to buy items that they don’t need or can’t afford”.

The most popular good that people plan to purchase on the weekend is clothing and accessories (27 per cent), followed by toys and games (19 per cent), health and beauty products and small electrical appliances (15 per cent), and a new laptop (14 per cent).

People wait a long time to splash their cash on Black Friday or Cyber Monday deals, with TopCashback.co.uk recently revealing 20 per cent of shoppers have put off buying a big ticket item since as long ago as April.

Of course, you don’t have to spend a fortune if you want to treat yourself or buy a lovely Christmas present. Instead, you could consider gold plating services to revamp your precious jewellery or watch, without having to scour the shops to find discounts on new ones.