 Bank accounts |
| Search News |
|
|
| Find an IFA |
|
|
| Browse |
|
| UK Spotlight |
It has been announced that the central bank of Australia has cut base rates in the country by one full percentage point overnight to try and avert a banking crisis in Australia. While this move...
→
Read More
|
|
| Disclaimer |
| Financialadvice.co.uk adheres to the Financial
Services and Markets Act 2000. This site contains only factual and
readily available public information. |
|
|
|
secured loans
Tired of worrying about money? Get fast secured loans at All About Loans.
|
|
|
|
|
|
Thursday 6th December 2007
Britons are not setting themselves budgets for their Christmas spending levels, despite the threat of the credit crunch expected to hit this year's spending spree.
According to new research from Halifax, a third of those polled by the bank said that they did not intend to set themselves limits on what they would be spending this year.
While the giving spirit may be welcomed by retailers, it will be of concern to debt advisors, who will no doubt expect to see large numbers of people knocking at their doors in the new year as they try to deal with a major financial hangover.
Mike Regnier, head of savings at Halifax, warned people: "We all know how expensive Christmas can be but by saving little and often we can make next Christmas that bit more manageable and that bit more enjoyable as a consequence."
The figures found that people in the north are planning to be the most willing to splash the cash this Christmas, spending an average of £627 per person on festive cheer, whole those in Wales followed soon after, spending £489.50 each.
|
→ Full Bank accounts News Archive
→ Return to Homepage |
|
|
|
| Other top stories in this section:
|
|
|
|
