Luxury spending in Britain is estimated to rise 57 percent to $15.1 billion in the next five years, according to a study by British luxury trade association Walpole and Ledbury Research.
Consistent with other current reports, the study showed that the “guilt” of extravagant spending is mostly gone from luxury buyers. Furthermore, the tourist market from both U.S. and Chinese consumers will play a big role in the growth of the British economy.