Queen’s Diamond Jubilee to spark spending spree on food, drink, celebrations and souvenirs

14:31 26 May 2012

The Queen

The Queen's Diamond Jubilee celebrations will spark a spending spree in Britain, including on souvenirs, it has been predicted

Celebrations for the Queen’s Diamond Jubilee are set to spark a spending spree, with people spending £40 on average on jubilee purchases.

That’s according to research from MoneySupermarket.com, which predicts Britons will spend £823 million celebrating over the long bank holiday weekend coming up.

An estimated 40 per cent of the population plan to celebrate the event in some way, with 44 per cent of women expecting to mark the occasion compared with 40 per cent of men, a poll for.

The survey found 21 per cent plan to buy extra food and snacks and 17 per cent will buy extra drinks, while seven per cent will buy decorations and eight peer cent will purchase souvenirs.

Of those planning to watch the celebrations, the most (25 per cent) will stay at home, eight per cent are expecting to party with family and friends and six per cent will attend a street party.

Four per cent will watch events from the pub and three per cent plan to travel to London.

The predicted spending of £823m compares to the £480m which 34 per cent said they planned to spend celebrating the royal wedding last year.

MoneySupermarket spokeswoman Clare Francis said: “Our research has shown the British public is gripped by jubilee fever.

“With an extra day off work for most, it makes sense that people want to mark the occasion with a celebration of their own and that many plan to buy a keepsake.”

British Retail Consortium economist Richard Lim said: “After a battering from bad weather and household finances squeezed by low wage growth and high inflation, retailers are looking for a much-needed boost.

“The jubilee has the potential to create a feel-good factor that lifts consumer confidence and persuades people to put their concerns to one side, even if only temporarily.”

He added: “Perhaps most importantly, the extra bank holiday will give many people an extra day to shop for goods, whether they’re related to the occasion or not.

“The royal wedding played a part in making April 2011 the best month for retail sales growth last year. Retailers will be hoping for something at least as good this June.”

Are you planning to join in the Diamond Jubilee celebrations? What will you buy and how much will you spend? Post your comments below.

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest London news

Thursday, March 5, 2015
Police say Jade Watts should not be approached [Photograph from Metropolitan Police]

Police are urgently seeking to trace a woman who has gone missing from a mental health unit in Sidcup where she was receiving treatment.

Thursday, March 5, 2015
Do you recognise these young men? [Photograph from British Transport Police]

Police are looking for two young men after a teenager was punched so hard in a fight at Watford Hight Street Station that his jaw fractured in two places.

Thursday, March 5, 2015
'Gift Horse' by Hans Haacke has become the tenth sculpture to be installed on Trafalgar Square's fourth plinth, in London [Photograph by Stefan Rousseau/PA Wire]

The giant blue cockerel ‘Hahn/Cock’ that loomed over Trafalgar Square has been replaced with a new statue - a skeletal horse that shows the stock exchange prices.

Thursday, March 5, 2015
Do you recognise this man?

A six-year-old boy was sexually assaulted by a drunken pervert with a large belly after going to the toilet in a King’s Cross community centre.

Thursday, March 5, 2015
Khedidja told her mother she would not be coming home from school [Photograph from Metropolitan Police]

Police in Ealing are growing increasingly concerned for a 16-year-old girl who has gone missing from Hanwell.

Latest Stories from SNAP.PA

The comedian took on the #GimmeFive challenge to support Flotus’ campaign in the US.

Read more

A one-off version is being auctioned off for Comic Relief.

Read more

Promoted content

A look at one of our previous Design Fairs

Chelsea Old Town Hall will be the venue for the renowned Desire Fair from 6-8 March 2015. This stunning mixed media jewellery and silversmithing event where visitors can purchase direct from contemporary designer makers selected from the best in the UK is an event not to be missed.

(Not guaranteed)

Mothers Day is fast approaching, so we’ve rounded up some unusual and beautiful gifts for you to dazzle the most important woman in your life come March 15th.

What is this?

Near You Now

Don't Miss...

A one-off version is being auctioned off for Comic Relief.

A man has now been jailed for the attack which left the officer unconscious.

The thieves were in and out in one minute – much like in the films.

Quirky London