Boxing Day Sales Plunge as Tax Hikes Hit Shoppers

British shoppers brace for a subdued Boxing Day, with Chancellor Rachel Reeves tax hikes dampening consumer confidence. Spending is projected to plummet, and only a quarter of households plan to participate, opting for essentials instead. Consumer confidence has nosedived, and retailers face additional challenges from minimum wage increases and impending regulations. Despite these hurdles, Boxing Day tradition may still attract enough shoppers to mitigate the impact.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.