People plan smaller Christmas as UK inflation rises

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People plan smaller Christmas as UK inflation rises
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People plan for smaller Christmas as prices soar

In December 2020, there were strict restrictions on household mixing due to a surge in coronavirus.

Young adults aged between 25-34 are significantly more likely to say their spending plans will be smaller than usual this year compared with those in other age groups. The two in five respondents who have put money aside mainly plan to spend it on presents and food and drink, with fewer people saving for travel and social events, such as parties and nights out.Energy and food costs have been soaring, fuelled further by the war in Ukraine

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