British consumers swap going out for staying in

LONDON - Britons are going out less and spending more money on drinking at home and holidaying in the UK in response to the economic downturn.

Butlins
Butlins

Sales of drink in pubs, bars and restaurants were down 4%, but the average household now spends £30 a week on drink - up 3%, according to a survey by Mintel. Six out of 10 of those surveyed said they had curtailed their pub drinking.

The recession has led to more than 70% of consumers spending less and even those who have not personally been affected by the recession are fearful of spending; 35% of Britons are cautious about booking a holiday in the next six months and 26% have postponed DIY or home improvements. Meanwhile, 75% intend to spend less on clothes and two-thirds planned to eat out less.

The theatre and UK holiday camps have, however, seen a revival in fortunes. Theatre box office takings in London were up by 2% and holiday camps are seeing a revival in fortunes. The market is currently estimated to be worth £1.6bn and 6.4m people visited Butlins last year

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