A combination of pay day for the majority of consumers falling on the last Friday of the month and a weekend spent browsing the shops results in shoppers logging on to buy their gifts online on the subsequent Monday, a Visa Europe report has found.
All of these factors will result in consumers spending £222,222 per minute, making 4,722 transactions every 60 seconds.
More top news
Defence Secretary Michael Fallon has said Boris Johnson's comments about Saudi Arabia "playing proxy wars" were taken out of context.
Home Office files on the Battle of Orgreave are due to be released next year among a host of records relating to the 1984 miners' strike.
Tara Christmas's kitten Elsa was put on a drip when she collapsed last Christmas after eating the leaves of the festive plant.