Black Friday Brits have cash, will spend, TSB

Brits are planning to spend, on average, £300 per person this Black Friday weekend, according to TSB research.

This was conducted in November by One Poll and involved 3,000 UK adults that have shopped on Black Friday before. Six in 10 people are waiting to see what deals come up this weekend, before starting their Christmas shopping. Last year’s Black Friday, on 25th November, was the biggest single day for retail sales in the UK. TSB customers spent 75% more on their debit cards, compared with the average day in 2016.

80% of Brits shopped on last year’s Black Friday weekend. And over 80% of those said they saved, on average, nearly £100 each. Craig Bundell, Director of Personal Current Accounts at TSB, comments: “Christmas can be an expensive time of year so it’s encouraging to see that people can save money by making the most of the Black Friday deals on offer. However, with lots of deals out there it could be easy for people to push themselves over budget if they don’t plan ahead. A bit of forward planning and having a specific shopping list could make all the difference when it comes to making the most of the Black Friday deals and comfortably covering the cost of Christmas.”