When it comes to spending, fewer consumers now plan to reduce their expenditure in the coming months, new research suggests, which might encourage some to get credit.
The latest Online Retail Report 2010 published by
PayPal has revealed that spending cuts are now being predicted by 20 per cent less people.
Meanwhile, ten per cent of those polled in the research believe that the coming six-month period may see them actually raise the amount they spend.
However, PayPal UK's managing director Carl Scheible has pointed out that many of the country's residents are still keen to seek out value-for-money deals.
He stated: "We may see continued growth in online spending on clothes and essentials like groceries during 2010, as many shoppers continue to look for good deals in these areas in uncertain times."
In contrast to the PayPal findings, Stephen Robertson, director general of the British Retail Consortium, recently noted the negative impact that general election uncertainty may be having on consumer spending.
Posted by Gemma Walker.
