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U.K. Shoppers Plan Holiday Spending Spree, Deloitte Says

British consumers will increase spending by about 4 percent in December, with online sales set to account for half the market’s growth over the important holiday period, according to forecasters at Deloitte LLP.

The forecast, published today, adds to signs that U.K. shoppers are set to loosen their purse strings at Christmas as a six-year squeeze on consumer spending eases and the jobless rate holds at its lowest level since 2008. A survey released last week by researcher IMRG showed online retailers are more confident of growth in holiday sales than last year.