Created Tue 25th Nov 2008 6:17am PST by
keys4000
All questions » Business » Economics » 
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?
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.
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Yes |
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No |
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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:
Created Tue 25th Nov 2008 6:17am PST by
keys4000
Changed Question text Thu 27th Nov 2008 2:23pm PST by
tisha![This user is an admin [Admin]](http://www.hubdub.com/images/icon_admin.gif)
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... Will Gordon Brown's VAT cut provide a positive boost to UK consumer spending increase this Christmas?
Changed Description Thu 27th Nov 2008 2:23pm PST by
tisha![This user is an admin [Admin]](http://www.hubdub.com/images/icon_admin.gif)
: show details
... 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. <br/> <br/> Will there be an increase in consumer spending reported, in comparison to last year?
Suspended Fri 26th Dec 2008 3:59pm PST : Suspend date reached
Suspend date: Fri 26th Dec 2008 3:59pm PST
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Predictions (136)
136 predictions
Comments (5)
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There's also no set defined 'christmas period' but I'm guessing that most reputable media sources will be in consensus.
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.
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