Brits to splash out extra £2.2bn on Christmas this year - here's what they're buying
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Britons are gearing up to spend an extra £2.2 billion on festive cheer this Christmas, splurging on party snacks, twinkling decorations, and fun-filled trivia games, a recent study has disclosed. The survey, which involved 2,000 adults who celebrate Christmas, revealed that nearly half are set on making this year more pleasurable following what many have recounted as a "miserable" 2024.
A third of Brits are intending to shell out more on tangible gifts, with the average spend per person hitting around £479. Meanwhile, numerous others are opting for small indulgences, and another third are on the hunt for more substantial and impressive gifts to give to friends and family.
The research has highlighted specific areas where households are splashing out more this year. Spending on family outings has increased by an average of £14 per trip, while an additional £10 is being spent on snacks and £6 more on luxury items for Christmas dinner.
However, some traditions are taking a back seat, with less money being spent on items like Christmas jumpers, party outfits, and cheese boards. With that said, Virgin Money, who are behind the study as a part of their Autumn Customer Spend Trends report, found overall customer spending has risen year-on-year.
