Consumers spent £3.9bn on debit cards over Black Friday weekend

Data from Lloyds’ Bank’s 27 million customers has shown that consumers spent over £3.9 billion on debit cards over the Black Friday and Cyber Monday weekend, a remarkable rise of 20% compared to last year’s spending.

Gabby Collins, Payments Director at Lloyds said “Wow! The level of spending was way ahead of what we expected to see, suggesting our financially savvy customers are managing and maximising their Christmas budgets, as we head into the festive season. There’s still plenty of time to buy presents before Christmas and many retailers continue to offer great deals throughout December, so I’d remind people to take it slow to find the best prices and avoid impulse purchases so there’s no accidental overspend.”