Halifax: Brits agreeing to cap spending this Christmas
www.moneynews.co.uk > Banking > Halifax: Brits agreeing to cap spending this Christmas
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Halifax: Brits agreeing to cap spending this Christmas
Mon 22nd Dec 2008
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As the recession bites, Halifax found that two-thirds of Brits who have agreed to cap their spending will be paying less than £25 per present for their loved ones.
People in the 16-24 age group impose the highest cap upon themselves, £51.46 per present on average, while the lowest average cap is amongst 35-44 year olds at £25.15.
Mike Regnier, Halifax head of banking, said: "For many, a sensible spending cap is a great way to cut the cost of Christmas and still manage to buy presents for all our family and friends."
Halifax Credit Cards conducted a survey earlier this month which revealed that the high street prices of many popular present items such as toys and CDs had fallen on average.
Click here for more banking news
Related News : Banking |
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Related News : Halifax |
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