One in three Londoners do not know how they will afford Christmas

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One in three Londoners do not know how they will afford Christmas
18th November 2014

In the UK alone, adults spent £26 billion on Christmas presents last year and the average spend has risen £14 this year to £548. 

The annual Christmas spending survey has revealed one in three Londoners do not know how they will afford the holiday. 

The survey found a staggering 1.4 million people will turn to high interest payday loans to get through the season and almost half of consumers plan to pay for Christmas on their credit cards.

Consumers affairs expert Nathan Rao explains more.
 

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