Brits forking out ‘more than £70 each’ for Valentine’s Day

Posted 2008-02-3

The average British shopper splashes more than £70 on their lucky Valentine, according to research.Figures from PayPal show £71.25 is the average amount spent on presents for loved ones for February 14th, with 23m UK lovers stumping up a remarkable overall total of £1.6bn.

About 33 per cent of people buy gifts costing £50 to £99 - a number which shoots up to 44 per cent among 18 to 24-year-olds.

Almost a quarter or 22 per cent of people who responded to the PayPal survey said they would be willing to spend between £100 and £249 for the day.

Cristina Hoole, PayPal spokeswoman, said: “It would seem romance is far from dead as almost half of Brits are splashing out that massive £1.6 billion on their loved ones around Valentine’s Day.”

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