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Brits to spend most on children this Christmas

UK parents are planning to spend an average of £104 on each child, according to More Than

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14 December 2011

Brits to spend most on children this Christmas”

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UK credit card holders are set to spend the majority of their Christmas budget on their children, according to new research.

Insurance provider More Than has published the results of a survey which shows that children are the top priority for Brits this Christmas, with parents planning to spend an average of £104 on each child.

The research reveals huge discrepancies in spending per region, with children in the north-east set to receive an average of £165 worth of gifts while parents in the south-east will spend around £84 on their children.

Female relatives are the second priority for Christmas shoppers, with Brits planning to spend more on grandmothers, mothers, mother-in-laws and sisters than their male counterparts.

"Even with the squeeze on family budgets, people are clearly still investing a lot of time and money into selecting the perfect gifts for their nearest and dearest," commented head of home insurance for More Than Matt Pernet.

Posted by Jack Ramsey

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