Brits typically shell out over £230 on Christmas presents – but are planning to cut back on gift expenditure this year to save cash as a result of the cost-of-living crisis.
Over half, of 2,000 adults polled, have made “no present” pacts with loved ones this year – and are hoping to save around £68 on festive spending as a result.
Other cutbacks they are planning to make include buying less or cheaper food, and buying fewer or cheaper new decorations.
