christmas cut backs

Brits are finding new ways to make Christmas cost less this year

Cut back Christmas looms £562m less being spent on presents this year

Brits are finding new ways to make Christmas cost less this year, with almost one in three (30%) planning to reduce their spending on presents for family and friends – equating to a £562* million shrink in Christmas gifts spending.

The study, conducted by Novuna Personal Finance , shows that average Christmas gift budgets have dropped by over 10% this year, from £101 in 2022, to £90...