Added on November 14th, 2008
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Internet shoppers will not have to pay customs duty on items they have bought for less than £105 from outside the EU.
The change, which comes into force on 1 December, extends the duty-free limit for goods bought online from £18, HM Revenue and Customs says.
The move will benefit thousands of consumers who buy items such as DVD players from the US, which have a 14% duty rate.
Added on November 13th, 2008
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Cash-strapped christmas shoppers will boost internet sales by 15% this year as they shun the high street to seek out better deals online, new figures predicted today.
The latest forecast has revealed that British consumers are expected to spend more than £1bn online every week in the run up to the festive season in a bid to beat the credit crunch.
Added on July 18th, 2008
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An article appearing on todays BBC News website reports that ‘UK shoppers spent 17 pence in every pound online in the first half of the year’. Figures released inidicate a total spend of £26.5bn representing an increase of 38% on the previous year and accounting for nearly 20% of total retail spending.
It appears that clothing and footwear are the areas losing out on high street sales but they are the big winners online.
To read the full article visit http://news.bbc.co.uk/1/hi/business/7512779.stm