More than 1.8 million Brits are hoping their partner will get down on one knee to propose on Valentine's day , as revealed by new research from jewellery insurance provider Protect Your Bubble.
Although an overwhelming 72% of Brits agree that Valentine’s Day has become far too commercial, this certainly hasn’t stopped them from reaching into their pocket for cards and pricey gifts.
In an attempt to express love to that special someone, £945 million is expected to be shelled out for Valentine’s Day in the UK. In a Battle of the Sexes, men are expected to be the most generous gift givers, with men anticipating spending of £51 on average for Valentine’s Day, compared an average spend of just £33 by women.
Almost 2 million Brits are hoping their partner pops the question this Valentine's day
Those living in the capital have the highest expectations for Valentine’s Day gifts with 13% of Londoners hoping their partner spends more than £200 on them.
Amongst the most popular gifts, flowers (37%) and chocolate (33%) were the most coveted items to receive from their partner this Valentine’s Day. Aside from these classic choices, jewellery came in as the third most popular gift (20%) that Brits would like to receive with 3 in 10 women (29%) saying that jewellery is top of their wish list.
Many couples this year are set to ditch fine dining at fancy restaurants as 64% intend on spending the evening at home. With high-street retailers such as M&S championing the dine at home deals, the majority of Brits have been convinced to spend the night in with their partner. In fact, the research revealed that only 17% of Brits will be leaving the house to celebrate Valentine’s Day.
James Brown, director of jewellery insurance provider Protect Your Bubble, says: “As Valentine’s Day is arguably the most romantic day of the year, it’s no surprise to find that so many Brits are hoping their partner pops the question on the 14th.
“What is surprising, however, is the sheer number of Brits opting to stay at home to celebrate rather than going out for a romantic, candlelit dinner. The rise of supermarket special offers such as M&S’s popular Dine In deals may have helped propel this trend, making home cooking easy for even the most kitchen-averse cooks.
“And while Valentine’s Day is widely hailed as an excessively commercial holiday, Brits seem to be set on spending an enormous amount of money on flowers, chocolate, jewellery and other gifts.
“If you plan to splash the cash on a lavish piece of jewellery or watch for your beau this Valentine’s Day, pair it with a comprehensive insurance policy to ensure you’re protected from damage, loss and theft.”