Brits Overspent On Christmas Presents By £3.8 Billion
With people returning to their normal daily routines after the festive period, new research from Santander reveals that an eye watering £3.8 billion was overspent on presents during the festive period, equivalent to £78 per person. Consequently, two fifths (38 per cent) of adults will make cutbacks this month in order to save money post their Christmas splurge. A fifth (20 per cent) vow to spend less on going out, and a similar proportion (18 per cent) plan to spend less on food and drink.