UK shoppers are predicted to spend £3.6bn on Boxing Day sales, according to the latest figures from the Barclays consumer report.

This marks a significant decrease from the £4.6bn predicted in 2024 and £4.7bn in 2023.

The average Boxing Day shopper plans to spend around £253.

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Karen Johnson, head of retail at Barclays, said: “While confidence in the UK economy has declined, UK households’ confidence in their ability to manage their money has remained strong, translating into the resilient performance of categories such as travel, entertainment and beauty.

“It is encouraging to see that through purposeful spending, consumers continue to prioritise the things that bring them joy, unlocking the potential for UK economic growth.”

However, the report says fewer people will be taking part in Boxing Day sales, at 26% compared to 28% in the year before, due to the higher cost of living.

Two in five (40%) of consumers prefer online shopping over brick-and-mortar retail, and 37% are planning to use AI tools when making purchases.

Over a quarter (29%) of shoppers stated they would be more inclined to visit the shops if they were offered in-store-only discounts, and easier access (29%).