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Are the Boxing Day sales enough to kick start the UK economy?

Retailers around the UK have been reporting massive sales today with shoppers out in force to grab the best of the bargains after Christmas. Many have been surprised by the substantial amount of money seemingly available to the UK consumer after months of concern about where the sales were going to come from. So have we reached the bottom of the retail market?

While there is no doubt that today's figures have given some confidence back to UK retailers in general the next few months will be very difficult indeed with cash flow and growing debt set to be a problem for consumers and businesses alike. Whether we have seen the last kicks of a dying market or a sudden burst of energy which could continue for a while remains to be seen but experts are not confident that the pickup will continue indefinitely.

When you consider discounts of up to 90% have been made available today either retailers are selling off their old stock or desperation has hit new highs. Business has also been very brisk on the online auction sites such as eBay where many unwanted Christmas gifts are up for sale.

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