A poll commissioned by the Liberal Democrats found Brits are buying fewer presents and switching to cheaper supermarkets this Christmas.
As the cost-of-living crisis continues to bite, the party found that parents of younger children are more likely to cut back on buying presents for family and friends, while more than half (57%) of adults will shop at a cheaper supermarket this Christmas. This rises to more than six in 10 (64%) of parents with children under the age of 18.
Of all adults, half (50%) will go to pubs and restaurants less this year over the festive period.
Sarah Olney MP, Liberal Democrat treasury spokesperson, said: “This will go down as the cutback Christmas for so many families who are feeling the pinch.
“Unfortunately after years of Conservative mismanagement, family finances are being stretched more than ever. After four years of this Conservative Government, is anybody better off?
“Families have been hit by endless tax hikes or seen their mortgage skyrocket after Liz Truss’ disastrous budget. It has been a relentless barrage on millions of people who are struggling to get by, let alone keep up with Christmas traditions.
“This has to be the last Christmas with the Conservative party in government. It is time to step into a new year and get rid of an out of touch Prime Minister.”
