You are here: Home - Uncategorized -

Spend it like Beckham

0
Written by:
16/05/2006

The World Cup could cause a spending spree in the UK as England pursue glory again in Germany 40 years after the team last triumphed at Wembley.

The Centre for Economics and Business Research reckons Britons could inject an extra £1.25bn into the economy, especially if England does well in the tournament.

“I’m not sure how much of this would be spent in Scotland, where they seem remarkably sour about the whole thing,” said City analyst Colin Perry.

“But a good run in this competition for England always bucks up spending and that has to be a positive thing for a lot of people.”

Off-licences and pubs are set to cash in on legions of thirsty fans, with sales projected to rise by £285m, 1% of annual drinks industry revenue.
There is also optimism in the electronics sector, where demand for flat-screen televisions, for example, is at an all-time high in some places. “It’s a case of ‘come on England’, both in terms of on the pitch and in the shops,” concluded Perry.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Worries as borrowers go the interest-only route to get a house

Almost a quarter of mortgage holders (22%), or 2.3 million people, are currently on an interest-only mortgage, according to research...

Close