More than two thirds of UK adults are planning to cut back on their spending this Christmas due to the cost of living, a survey suggests.
Despite spending the last two Christmases under social restrictions, some 75% of adults are not planning a “big celebration” and 70% are cutting back on last year, the poll for Accenture found.
Almost half are planning to cut back on buying presents (49%), eating out (46%), general socialising and buying food and drink to consume at home (both 35%). Of those planning to reduce spending this Christmas, almost half (45%) are planning to buy food from budget-friendly supermarkets.
