Though many Brits may be tightening their belts and trying to save money, those with a safe job and the ability to hunt out a bargain will still spend, it has been claimed.
Danny Cox, a chartered financial planner from financial services company Hagreaves Lansdown, said that there will be "little blips of spending" from those who don't have other financial commitments such as mortgages.
He said that he believed items such as cars and TVs would continue to drop in price.
Those looking to buy a new TV or car could find that the savings they make allow them to obtain more comprehensive
car insurance or
home insurance cover for their new purchases.
According to the Nationwide Consumer Confidence Index, people are still wary of current economic conditions, with confidence falling to 40 in January.
Home insurance from
InsureandGo may be a wise choice for those looking to invest in a new TV or other expensive home item.
