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Nights out cut back by crunch-hit homebodies

Many Britons are swapping revels for Revels - passing up a night on the tiles for staying in with snacks and a DVD.According to a new survey from Halifax, 60 per cent are cutting back on expensive socialising due to the economic downturn.More generally, 84 per cent are reducing their general spending, in a bid to cancel out the effects of the credit crunch and food and fuel price rises.Moreover, Halifax found that 73 per cent of people are sharing money-saving tips and tricks with friends and neighbours.Paul Birkhead, spokesman for the firm, said: "When you take into account travel, food, drink and entertainment, the cost of a Saturday night out can soon add up, and Brits are choosing to Stay In With The Joneses, and invite friends and neighbours round instead for a night in."They say Brits are at their best when times are challenging, and our research clearly shows we're being resourceful in watching the pennies while looking to have a good time - and it's bringing people together."

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