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

Friday, March 6, 2015
The man was seen with a knife on the Central Line before moving onto the Jubilee Line (Photo by Oli Scarff/Getty Images)

The Jubilee line was brought to a standstill today after passengers reported seeing a man carrying a knife.

Friday, March 6, 2015
The puppy was found badly injured by some bins in north London (Picture: RSPCA)

A gorgeous little Rottweiler cross puppy was found abandoned dumped by some bins in north London with such damage to her spine she could not even stand.

Friday, March 6, 2015
The attack took place on a 134 bus in Muswell Hill around 11pm on Thursday, February 12 (Picture: Met Police)

A passenger on a bus in north London was subjected to a horrific unprovoked attack after a man assaulted him from behind.

Friday, March 6, 2015
There was gridlock in the area this morning [Photograph by @Demonax]

There is traffic chaos in Shoreditch this morning after a pedestrian was hit by a truck at the junction between Great Eastern Street and Fairchild Street.

Friday, March 6, 2015
The trampolie park will open in the summer in east London  (Photo by Mario Tama/Getty Images)

Boing boing! East London’s first ever indoor trampoline park will open this summer in Barking.

Latest Stories from SNAP.PA

We’re hoping there weren’t any broken bones…

Read more

The Brit-winning singer could be headed for the big screen.

Read more

It was a family affair when the actor got his honour on the Walk Of Fame.

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.

Take our quiz and find out!

A survey conducted last year revealed that Britain is the fourth sexiest country in the world, with the UK sex toy industry worth an estimated £250 million a year.

What is this?

Near You Now

Don't Miss...

The boy’s mother doesn’t regret sending her child to school dressed as a character from an erotic novel.

No more traffic wardens “hiding in doorways”…

The Mayor reckons the horse symbolises the “dynamism of London” – does it?

Quirky London