'Shoppers stymied by skeleton rail service' - from The Times, 27 December 2009

[whole diary]

[JayMac]

From the BBC^» (British Broadcasting Corporation - home page):

Boxing Day sales attract 'record' number of shoppers 
 
Boxing Day sales attracted the highest number of shoppers since records began, according to retail analysts.

Up to 12 million people are thought to have been out looking for bargains some 24 hours after Christmas Day.

The total number of shoppers had risen by nearly 20% compared to Boxing Day in 2008, said Experian.

The rise is thought to be due to bargain hunting ahead before the VAT^▸ (Value Added Tax) rate returns to 17.5% on 1 January and the fact Boxing Day fell on a weekend.

The BBC's Nick Cosgrove said: "The rush to the shops over the weekend has been remarkable."

However, High Streets are braced for further tough times in 2010, according to a survey by the British Retail Consortium (BRC).

The BRC said four out of five retailers who responded to its survey said they expected sales would not improve on 2009 levels, dashing hopes of a consumer-led economic recovery.

Taxing times

Chancellor Alistair Darling announced VAT would be cut to 15% in his pre-Budget report last year in a bid to encourage consumers to spend more and boost the economy.

In a recent poll, commissioned for the BBC programme Money Box, 27% of people said they would bring forward their spending before the sales tax returned to 17.5%.

The sales tax rise is set to have the biggest effect on sales of expensive items such as furniture and so-called white goods, such as fridges and washing machines, as people seek the best bargains.

A spokesman for consultancy firm Planet Retail said: "The cold weather just before Christmas meant people weren't spending money as much.

"People on variable mortgages are still quite cash rich and now are thinking 'we want to take advantage of this before the VAT spike', particularly on big ticket items such as televisions and white goods."

Methinks the TOCs^▸ (Train Operating Company) could've made it pay, even if it were just shoppers and retail staff they were moving around. Then there's the wider enviromental bonus of getting folks out of their cars and onto the train.