ˌNew ˈYear BrE AmE , new year noun [uncountable]
1 . ( also the New Year ) the time when people celebrate the beginning of a new year:
We’re going to spend Christmas and the New Year with my parents.
The business will be closed over New Year.
Happy New Year (=used as a greeting)
Our neighbours invited us round to see in the new year (=celebrate the beginning of the year) .
2 . the new year the first few weeks of the year:
Prices are expected to go up in the new year.