Brits cut back on Christmas gifts

Energy bills, rent, and mortgage payments are the most commonly-reported financial burdens Consumers in the UK have slashed spending on Christmas gifts this year as household incomes across the country have suffered amid the biggest jump in prices in 40 years, Bloomberg reported on Friday, citing a survey published by the Office for National Statistics (ONS). Six in ten adults surveyed admitted they were planning to cut the amount they spend during this festive season by buying fewer and less expensive presents. Meanwhile, British charities have reported booming sales as cash-strapped shoppers are looking for seco

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Last updated : 24 Dec 2022 clock 09:20 AM

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