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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/stores-slash-prices-to-woo-shoppers.jpg"><img class="alignnone size-full" title="Retailers are hoping brisk business will repair damage done by the recent cold snap" src="http://londonglossy.com/wp-content/uploads/2010/12/min-stores-slash-prices-to-woo-shoppers.jpg" alt="Retailers are hoping brisk business will repair damage done by the recent cold snap"/></a></p>
<p>Retailers are hoping for a Boxing Day bonanza as prices are slashed in a bid to entice shoppers into Britain&#8217;s stores.</p>
<p>High streets and malls across the country are offering heavy discounts to make up for the dent to sales caused by plummeting pre-Christmas temperatures and heavy snow.</p>
<p>Consumers are also expected to snap up bargains before the VAT increase from 17.5% to 20% on January 4.</p>
<p>The fact that Boxing Day falls on a Sunday means trading hours are restricted to six hours.</p>
<p>Shoppers coming into London will have to contend with the Tube strike which threatens to affect travel across the capital.</p>
<p>Many people are also expected to browse for items from the comfort of their own home to avoid the freezing conditions.</p>
<p>Comparison website moneysupermarket.com predicted this year&#8217;s Boxing Day sales could be the biggest ever, saying the UK is set to spend £323 million online in a single day.</p>
<p>Selfridges is expecting 80,000 people to pass through the doors of its Oxford Street store, with discounts of up to 75%.</p>
<p>A spokeswoman said: &#8220;Despite the fact we are opening at 11am due to Sunday trading, the first three shoppers started queuing at 11pm last night and by 4am there were 60 people waiting.</p>
<p>&#8220;We expect bags and shoes to sell really well, that&#8217;s where shoppers will flock to first.&#8221;</p>
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