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Brits cut back on spending

A new survey reveals Britons are spending less on their partners in an effort to save money

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21 October 2011

Brits cut back on spending”

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Britons are cutting back on the amount of money they spend on their partners, new research reveals.

According to a survey from Santander Credit Cards, spending on spouses and partners has dropped by 20 per cent due to concerns about the rising cost of living.

Collectively, Brits have cut back their spending to the tune of £8 billion a year, with the annual spend on partners falling from £1,103 to £879.

One in five respondents (22 per cent) said they are trying to find cheaper alternatives to eating out, while 16 per cent said they are buying fewer gifts for their other half.

Callum Gibson, managing director of Santander Cards, said: "Inflation and other economic concerns are having a real effect on people's expenditure, and our research shows that this can affect all types of relationship, from married couples to casual daters."

Santander recently launched the 123 Cashback credit card, which offers users rewards on a monthly basis.

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