Brexit Brings Christmas Spending Gloom for Quarter of Britons
- Millennials, Londoners more negative than rest of consumers
- Britons plan to spend less on Christmas gifts this year: PWC
The Trafalgar Square Christmas Tree lighting ceremony on Dec. 1.
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About a quarter of Britons say their holiday spending this year will be affected by the country’s decision to leave the European Union.
Of 2,000 people interviewed in a PWC survey, 17 percent said Brexit is set to have a considerable impact on their Christmas outlay, while about 8 percent expect a slight effect. Two-thirds of Britons said the result of June’s vote will make no difference to their plans. Overall, Britons are poised to spend slightly less on Christmas gifts this year, PWC found.