|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    25th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Economy News feed Economy News

All Financial News feed All Financial News

Credit crunched Brits cutback holiday budget

Bookmark and Share

by David Masters

Millions of Brits have made drastic cuts to their holiday budget this summer, new research has discovered.

Santander Cards found that a quarter of Brits taking a well-earned break in the sun this year plan to reduce holiday spending.

Eating out is the biggest target of cutbacks, with 54% of those reducing their budget planning to dine out less.

Just under half (46%) are cutting back by reducing spending money, while 40% will save money by booking cheaper accommodation.

Economic gloom is not universal, however, with a lucky 12% planning to spend more money this summer compared to last year.

Nearly half (43%) of holidaymakers are keeping their budget at the same level as last year.

One in five (20%) of those polled claimed not to budget at all on holiday.

Discuss this in the Finance Markets forums

Story link: Credit crunched Brits cutback holiday budget

News posted: August 17, 2009

Financial Services:

Related financial stories to: Credit crunched Brits cutback holiday budget:
Previous: «
Next: »

Visited 2147 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , , , ,