* All SEARCH

Brits to spend £315 each on Christmas gifts

Published: 28 November 2016 - 00:06

Brits are set to spend almost £1,500 this Christmas, according to a study by American Express.

The findings of an annual survey by the global financial services company has revealed that the cost of Christmas across the whole of the UK is set to reach £75.5 billion.

The biggest cost will be spent on Christmas getaways outside the UK (£386 each), followed by gifts for loved ones (£315 each). Britons’ total seasonal bill will be just £6 less this year compared to 2015.

The top 10 costs of Christmas:

 

   

1

Christmas getaways outside the UK

£386

2

Gifts

£315

3

Christmas getaways in the UK

£201

4

Hosting parties (eg food, drink)

£104

5

Christmas gatherings with friends and family outside the home

£93

6

Festive experiences (eg pantomime tickets, ice skating)

£91

7

New clothes

£87

8

Christmas day food shopping

£81

9

Travel

£76

10

Christmas decorations for the home

£50


When it comes to funding the festivities, setting a Christmas budget is not top of the list for some, said American Express. Nearly a quarter (22%) of Brits haven’t yet thought of the steps they will take to make the most of their money this Christmas, and nearly three in 10 (28%) don’t have a Christmas budget at all.

Comments

Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark

Most read stories