The British will have a “poorer” Christmas this year with cuts in gifts, food and outings

More than two-thirds of adults British are planning to cut back on their Christmas shopping this year due to the soaring cost of living, according to survey results released today.

Although they passed Christmas two years into social distancing due to the COVID-19 pandemic, three-quarters of adults aren’t planning any fancy celebrations this year, according to Accenture research.

Almost 49% of respondents plan to buy fewer gifts, 46% eat out fewer times and 35% plan to cut back on both social gatherings and family events.

Of those planning to cut back on spending this Christmas, 45% plan to buy affordable supermarket food.

With inflation at 10%, UK consumer confidence remains close to its worst level on record and households under severe pressure.

Read more: Britain: Consumers resort to air fryers and multicookers ahead of winter

Yesterday, supermarket group Asda announced that Britons are turning to energy-efficient products such as air fryers and multicookers as they look for ways to tackle the crisis of high living costs.

Asda said, which compared its figures with the Center for Economics and Business Research, UK families were €162 poorer in September than last September mainly due to higher utility bills. , with natural gas prices being 95.7% higher and electricity prices 54% higher.

Meanwhile, Asda Group announced yesterday that the household income picture is highly dependent on the government’s management of energy efficiency.

Earlier in the month, Chancellor of the Exchequer Jeremy Hunt said the government’s two-year plan to support households against rising energy prices would be reviewed from April 2023.

Read the News today and get the latest news.
Follow Skai.gr on Google News and be the first to know all the news.