Brits to blow less on Xmas

MORE than a third of Brits plan to spend less on Christmas compared to last year, according to the results of a new global survey.

Financial services company Ferratum analysed the Christmas plans of more than 23,000 families in 19 different countries.

It found 37 per cent of Brits are planning to spend less on Christmas this year compared to 2017, with 43 per cent planning to spend the same and just 20 per cent planning to increase their spend.

Brits are allocating 23 per cent of disposable income on Christmas this year, the fifth highest in the world and more than double that of Germany (10 per cent), who are spending the least.

Mexico tops list of nations spending most disposable income on Christmas (48 per cent), then Brazil (38 per cent).