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Valentine’s Day spending set to increase as UK’s economy flourishes

Britons are set to spend the most on Valentine’s Day in six years, after it was revealed that the UK economy has grown by the fastest rate since the financial crisis.

Recent figures released by the Office of National Statistics show that the British economy expanded by 1.9% in 2013; compared with 2012, and preliminary GDP data shows a 0.7% growth in the final three months of 2013, the fastest growth since the first quarter of 2008.

And with 2012 witnessing Britons spending nearly a billion pounds on their wives, husbands and partners on Valentine’s Day gifts, going out and weekends away, this year is set to see an even bigger boost to the economy.

Jewellery is high on the list of top ten gifts to give this Valentine’s Day, with Cash Converters reporting that rings are the most popular item in the run up to the most romantic day of the year.

In fact, the UK’s number one second hand goods retailer and financial services provider, has gone a step further as three customers have popped the question to their fiancées in Cash Converters stores across the UK.

David Patrick, chief executive at Cash Converters, said: “It’s reassuring that the British economy is strengthening and Valentine’s Day is always a busy time of year for us.

“We sell good quality second hand jewellery at affordable prices, including gold, diamond, platinum and antique. Necklaces and watches are usually snapped up by customers looking for a special gift, but rings are our most popular, particularly engagement rings

“The fact that three men have actually proposed on our shop floors also shows the strength of the relationship our staff have with their customers – we have been privileged to witness such precious moments in their lives.”

Cash Converters is the UK’s number one retailer of buying and selling pre-owned goods and a financial services provider, with 227 stores across the UK and 730 worldwide. As well as offering a place to shop for pre-owned bargains and sell unwanted goods for instant cash, it also provides a range of financial services including pawnbroking, cheque cashing, laybys and buyback.

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