Abbey Banking reveals gift-buying habits

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Abbey Banking reveals gift-buying habits

Tue 27th Nov 2007

People in Scotland spend the most on buying Christmas presents, according to research from Abbey Banking.

Each person in the country spends an average of £480, the survey indicates, while residents of Wales and the south-west - the second-highest spending group - fork out £415 on average.

Respondents were shown to be spending the most on their kids, with an average of £116 going to buy presents for children.

Steve Shore, head of banking at Abbey, said that the findings can reveal "what the rest of the country is spending on their loved ones".

"Not surprisingly, children top the bill as parents splash out at Christmas, but interestingly there were also quite significant regional differences.

"Scotland in particular broke their stereotype and those with Scottish relatives look set to have a very merry festive season indeed."

Recently, an Abbey survey discovered that 22 per cent of Britons say they have used savings to help a friend with financial problems.

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