Britons suffered the biggest deterioration in their finances in seven months in December and turned more downbeat about 2013, a survey showed on Monday.
The Markit Household Finance Index fell to 36.8 – the lowest since May – from November’s near two-year high of 39.3, sinking further below the 50 level that would mark no change in the financial situation compared with a month ago.
Around a third of respondents said their finances had worsened in December, while only 6 percent reported an improvement. Overall, households also felt less secure in their jobs than in November.
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However, some retailers are looking good..
Boxing Day sales set records online and in store
Millions of bargain hunters drove record sales this Christmas with John Lewis seeing its busiest ever hour online and Selfridges taking a record £1.5 million within 60 minutes of opening its doors.
Sales in the week to December 22 at the country’s biggest department store group rose 26.5 percent to 157.8 million GBP. Its website broke its daily sales record with 7.8 million pounds on December 17.
The sales on boxing day broke many records but retailers are not optimistic about January or 2013.
So what happened?
Boxing Day saw the number of shoppers surge by a fifth on high streets compared with last year, analysts said.
Consumers also turned to tablets and mobile devices, with John Lewis reporting online traffic from tablets rising by a quarter from 28% to 35% between Xmas Eve and Christmas Day.