Why British don't want to spend money on holidays

indemnification of insurance of solvency (PPI) which have paid clearing banks

Sometimes economy — very simple subject. In November, 2012 it is possible to explain all explanations of weakness of retail only so: money, therefore consumers are necessary to all save till Christmas and, most likely, will continue to save after.


The volume of expenses among the British buyers last month has appeared same as in October, writes The Guardian. According to research of Confederation of the British industry (CBI), the sales volume in November could decrease, if not an exit new iPad-mini from Apple.



However, when people hardly make ends meet, not followed expect большего. Today there are some ways increase consumer expenses, for example, buyers can to use the savings, to wait for unforeseen profit, to take unsecured the credit or the second mortgage.

By the end of 2012 the picture looks as follows: real incomes of the population fall and can't grow, because the prices rise faster. House owners worry about the future because they should spend more money, and unique unforeseen profit which has helped to raise consumer ability, - indemnification of insurance of solvency (PPI) which have paid clearing banks.

However, if to present, what you have received the large check from Lloyds Banking Group or Barclays, you would began to spend in a minute money for Christmas gifts? Some British, undoubtedly, have already spent indemnification PPI to last penny, but many will resist still to a temptation.