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- Nov 3, 2003
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Britons 'to Fork Out £2bn on Valentine Treats'
BRITONS plan to spend £2.36 billion spoiling their partner on Valentine's Day, with men set to splash out four times as much as women, researchers claim.
People will fork out an average of £93.50 each on cards, presents and meals out, with men expecting to get through £135, while women will spend an average of just £36, according to Sainsbury's Bank Credit Cards.
And, while 23% of people in a relationship admit they are not planning to spend anything on Valentine's Day, 727,000 expect to spend more than £1,000.
Londoners are the biggest spenders, planning to lavish around £239 on their partners, while those in the North East and Yorkshire and Humberside will pay out the least at just £42.40 each.
The study added that around £415 million of the total expenditure would be put on credit cards, with 313,000 people admitting it would take them more than a month to clear their debt.
The most popular way to mark Valentine's Day is to go out for a meal - something 45% of couples will be doing - while 38% will buy a present, 25% will buy flowers, 24% will cook a special meal, and 16% will buy chocolates.
Meanwhile, research from Capital One estimates people will collectively spend £3.89 million on engagement rings in the run-up to Valentine's Day, with around 3,000 people set to propose on February 14.
In addition the group claims around £18 million will be spent on Valentine's Day cards and £20 million on roses.
BRITONS plan to spend £2.36 billion spoiling their partner on Valentine's Day, with men set to splash out four times as much as women, researchers claim.
People will fork out an average of £93.50 each on cards, presents and meals out, with men expecting to get through £135, while women will spend an average of just £36, according to Sainsbury's Bank Credit Cards.
And, while 23% of people in a relationship admit they are not planning to spend anything on Valentine's Day, 727,000 expect to spend more than £1,000.
Londoners are the biggest spenders, planning to lavish around £239 on their partners, while those in the North East and Yorkshire and Humberside will pay out the least at just £42.40 each.
The study added that around £415 million of the total expenditure would be put on credit cards, with 313,000 people admitting it would take them more than a month to clear their debt.
The most popular way to mark Valentine's Day is to go out for a meal - something 45% of couples will be doing - while 38% will buy a present, 25% will buy flowers, 24% will cook a special meal, and 16% will buy chocolates.
Meanwhile, research from Capital One estimates people will collectively spend £3.89 million on engagement rings in the run-up to Valentine's Day, with around 3,000 people set to propose on February 14.
In addition the group claims around £18 million will be spent on Valentine's Day cards and £20 million on roses.
