Valentines’ worth over £70 for love

Posted 2008-02-7

For many, Valentine’s Day is a special opportunity to show someone you care. Research by PayPal shows the average Brit will spend more than £70 on their loved one, with £71.25 being the average.
Over 23 million people in the UK are expected to spend a combined total of £1.6 billion for their heart’s desires. On February 14th nearly 33% of shoppers buy gifts worth between £50 and £99 - a number which rises to 44% among 18 to 24-year-olds.
The survey by PayPal also found that 22% of those who responded were willing to spend between £100 and £249 on Valentine’s Day.
Cristina Hoole, a spokeswoman for PayPal, said, “It would seem that romance is far from dead as almost half of Brits will be splashing out a massive £1.6 billion on their loved ones this week.”
Consumers may find an unexpected source of funds to woo and dazzle their Valentine; according to Thrifty Scot, people holding equity in property may find homeowner loans exactly what Cupid needs to spend a little extra on a heart-throb.

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