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Festive online shoppers 'to spend £1bn on Cyber Monday'

Brits are set to blow a record-breaking £1billion online today in the pre-Christmas shopping spree dubbed Cyber Monday, reports the Daily Mirror.

Brits could spend a record-breaking £1billion online today Credit: Adam Peck/PA Wire

Experts predict that this year the nation’s consumers will shed their austerity shackles in a massive buy now, pay later splurge.

Online retailers brace for busiest day of year

Online retailers are braced for their busiest day of the year as consumers take part in the annual pre-Christmas shopping spree dubbed Cyber Monday.

Retailers are bracing themselves for a pre-Christmas online onslaught Credit: Ben Birchall/PA Archive

Recent years have seen online shopping figures consistently peaking on the first Monday in December, probably explained by most UK consumers having just received their last pay cheque before Christmas.

Visa Europe predicts £320 million will be spent on its cards alone as online transactions top 6.8 million, an increase of 21% on last year, making December 3 the busiest online shopping day in history.

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