The Guardian has a less than optimistic opinion of the UK wedding industry, and suggests that people are putting their lives and wedding plans on hold.
However, there have been a record number of people getting married due to the credit crunch. This seems counter intuitive, but it seems that people are seeking security and stability during a time of financial uncertainty.
We’ve also been seeing ‘credit crunch weddings’ spring up in papers, where couples are getting married for as little as £500, with cut price wedding dresses, second hand rings and help from friends and family.
And more couples are getting married in winter to cut costs as it can be up to 50% cheaper than getting married in the summer.
Another area of growth is the Gay wedding market, which attributed an estimated £70bn last year.
The economy has created a mixed set of result, and the most responsive companies in the wedding industry are likely to prosper.
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