Brits are spending more like Mediterraneans, says Halifax Credit Cards

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Brits are spending more like Mediterraneans, says Halifax Credit Cards

Tue 25th Jul 2006

Wednesday July 19th saw the hottest July day in the UK since records began and Halifax Credit Card research has suggested that as they become accustomed to the higher temperatures, Brits are spending more like the Mediterraneans.

Increasingly, Brits are spending their money on entertaining at home and ways to improve their gardens.

The recent study found that spending on food and drink to be consumed at home has increased by seven per cent in the past week and amounts being spent on home and garden improvements went up by five per cent.

However, holiday and travel insurance expenditure decreased by five per cent, which Halifax has concluded has given British spending habits a more Mediterranean feel.

Ian Larkin, head of Halifax Credit Cards, said: "We Brits like to make the most of every minute of sunshine we get and a week of unprecedented temperatures seems to have sent us all dashing out to make the most of it."

Halifax offers a range of credit cards as well as bank account and loan products.

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