Consumers' reasons for reducing spending on Black Friday weekend in the UK in 2023
Price increases were a major factor in the decision of consumers in the United Kingdom planning to spend less on Black Friday and Cyber Monday 2023 than in the previous year. One third of people spending less or not at all than 2022 said it was because prices have increased too much. This is likely linked to the second most common answer, that people needed to cut back to be able to afford essentials.
