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Will UK consumer spending increase this Christmas?

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Background:

Gordon Brown has just reduced the VAT rate from 17.5% to 15% - obviously, there was some hope this would boost consumer spending before the busy Christmas period.

Will there be an increase in consumer spending reported, in comparison to last year?


Settlement details: A year on year gain over last Christmas reported by a major mainstream news source.

 
Forecast history, %
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Suspended

Yes
31%
No
69%
Activity: H$64,912
Predictions on this question are temporarily suspended

Suspend date: Fri 26th Dec 2008 3:59pm PST

Initial likelihoods: Yes: 50%

Action history:

Suspend date: Fri 26th Dec 2008 3:59pm PST
more info...

 

Predictions (136)

136 predictions

1 week ago
deanthoreau predicted No (H$50 at 68%)
1 week ago
bayoubear[Admin] predicted No (H$500 at 68%)
1 week ago
ragingbull predicted No (H$50 at 67%)
1 week ago
gregsie91 predicted No (H$50 at 67%)
1 week ago
olbg predicted No (H$1,000 at 67%)
more

Comments (5)

  1 tisha[Admin]
Had to slightly amend the wording of this question - as was correctly pointed out, it would be hard to find a direct correlation between Brown's VAT cut and consumer spending, so market has been reframed more objectively.

There's also no set defined 'christmas period' but I'm guessing that most reputable media sources will be in consensus.
posted 5 weeks ago
  2 keys4000
Ok, I see what you're saying, but the settlement criteria are effectively the same 'A year on year gain over last Christmas' and I think that my wording of the original question, while strictly less accurate, was far more encompassing of the subject material, and made for a more interesting satirical take on the subject matter. Now it just seems a bit dry and irrelevant.
posted 5 weeks ago
If you want satire read Private Eye.
posted 5 weeks ago
isnt xmas spending that cool stuff u do before xmas?
posted 2 weeks ago
just a note:
http://news.bbc.co.uk/1/hi/uk/7799869.stm

if u read most of the article u will see this comment:

Stephen Robertson, BRC director general, said: "We'll see the full December figures in a few weeks, but they won't be pretty.

"Discounts and promotions on a scale unprecedented for the run-up to Christmas, combined with weak sales, have put margins under severe pressure.
posted 1 week ago

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