Xmas spending down, says AXA by Finance News Bulletin

Published: 19/12/06

Britons are planning on wounding their spending this Christmas by 12 per cent in comparison with last day, according to research undertaken by AXAin spite of the projected shortfall in spending on last Christmas, Britain has been found to be second in the festive season spending association table, beaten only by the USThe Spanish were found by AXA to be cutting their spending by 26 per cent on last Christmas, the main fall, though all nations were discovered to be curbing their spending behaviour during yuletideHowever, this prediction does not match the one spoken by the British Retail Consortium (BRC) who found Brits to be planning on expenditure an additional six per cent than last year

explanation the discrepancy, a spokesperson for the BRC, Richard Dodd, stated: "It may be that the info they estimated were down on last year but that actually in practice that turns out to be different"It is a bit like when you speak to people: 'Would you be content to pay more tax if it was spent on teaching' Everybody always says yes - but when you actually get down to stumping up for it or voting for it, what people actually do turns out to be very

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