It will be a cut price Christmas for the majority of Brits this year according to new research from uSwitch.com with six in ten spending less on presents, food, cards and booze in an attempt to save money.
The research highlighted:
- Over a third of Brits will be buying ‘own brand’ and a fifth will be buying ‘value’ items for their Christmas dinner this year.
- Almost two in ten will be enjoying a cheaper joint of meat this year while 12% will go without a traditional Christmas pudding.
- 43% will be dishing up smaller portions to avoid leftovers.
With hard up consumers hoping to save almost £70 on average and over a fifth of those surveyed hoping to save £100, it looks like there will be a little less food on the Christmas table and fewer presents under the Christmas tree this year.