Credit Crunch Increases Online Spending
Shoppers are turning to online shopping in order keep better control over their debt and take a grip of their finances during the credit crunch. uSwitch have revealed new data which shows that online shopping has boomed whilst the high-street has suffered.
The comparison and switching website revealed that the UK high street has suffered the sharpest decline since records began in 1986 as sales dropped by 3.9% in June. Yet online shopping sales has rose to a record £26.5 billion in the first half of 2008, and is expected to keep on growing.