Britain expects higher Christmas spending spree despite recession

Barclays bank has foretasted the spending for this year Christmas is going to hit high to about 23 billion pounds through debit cards. So, inspite of recession there would be good increase over last year. The extra public holiday over christmas weekend will result in high streets and shopping centers.

Read more here: http://news.xinhuanet.com/ LONDON, Dec. 12 (Xinhua)-- Britain's leading bank Barclays has forecast that despite the recession Britons are set to hit the high street in a Christmas spending spree where they look likely to spend a record 23 billion pounds (about 37.4 billion U.S. dollars) through their debit cards.