Are you cutting back to save up for Christmas Midsomer Norton ?
Ready for the festive blow out ?
People are cutting back on spending in order to save up for Christmas.
According to a report in The Guardian, quoting figures from Barclays, the amount spent on going out to restaurants fell 10.8% month on month in September, nearly double the slow down in August. Takeaway spending in particular has slowed - spending was down 9.2% in August.
According to a recent survey 44% said they are starting to reduce discretionary spending to pay for Christmas.
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