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Brits budgeting

Brits set to spend more on gifts, garments and grub this Christmas

2 mins read

The FINANCIAL — Christmas plans remain uncertain for many, but Brits are not going to let current restrictions stop them getting into the festive spirit. New research from American Express (NYSE: AXP) reveals that Brits will be spending more on presents, new clothes and festive decorations this year compared to 2019’s Christmas. Gifts are the top spend this year with Brits budgeting £346 on perfect presents to place under the tree, which is an 11% uplift from the £312 spent on gifts in 2019. Santa’s year-on-year Christmas list: Item Average spend in 2020 (£) Average spend in 2019 (£) Gifts £346…

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Brits set to spend more on gifts, garments and grub this Christmas

2 mins read

The FINANCIAL — Christmas plans remain uncertain for many, but Brits are not going to let current restrictions stop them getting into the festive spirit. New research from American Express (NYSE: AXP) reveals that Brits will be spending more on presents, new clothes and festive decorations this year compared to 2019’s Christmas. Gifts are the top…