UK retailers face quieter Boxing Day amid cost of living crisis

An estimated 3.8bn will be spent on 26 December, down almost 4% on last year

Retailers are preparing for a quieter Boxing Day this year despite freedom from pandemic restrictions as the cost of living crisis weighs on shoppers' budgets.

Spending is expected to hit almost 3.8bn on 26 December, according to research by GlobalData for Vouchercodes.