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Christmas gift spending 'to remain the same as last year'
Published on 31/10/2012

New research has revealed the majority of Brits are planning to spend a similar amount on their loved ones this Christmas as they did last year.

Figures from a study carried out by HSBC showed that the average amount people intend to spend is £526 on their friends and family.

However, 20 per cent of respondents said they are planning to splash out even more cash this year, while 17 per cent will cut back.

People in Wales were named as the biggest Christmas spenders, with the average amount of cash splurged amounting to £656.

Of this total, £484 was spent on gifts, while £172 was used to pay for food, drink and entertainment for the festive period.

Despite the cost of living continuing to rise, as energy bills climb again this winter, it seems many Brits view the Christmas season as the perfect time to treat loved ones.

Perhaps a great gift for friends and family is a Christmas Hamper from Regency's festive collection.

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