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Christmas spenders 'more confident about repayments'
22/11/2006
 Christmas consumers, including those heading to office parties over the festive period, expect to pay off their holiday debt quicker than they did last year, new research reveals.
Additionally, men are ten per cent more confident than women of paying back their debt within three months of the new year, research from credit reference agency Callcredit suggests. The findings also shows that 35 to 44-year-olds plan to spend more during the festive season than any other age group. Some of this money will be spent on alcohol and food at office Christmas parties across the country. Mel Mitchley, Callcredit director, remarked: "Generally the picture is looking pretty positive - people are spending more but budgeting better. "Instead of using credit to get them through the festive season they're using the hard-earned cash they have in their pocket." "One slight concern is that the number of people who have no idea how they'll fund Christmas has doubled from two to four per cent," Ms Mitchley added. Total Christmas spend in the UK is expected to reach close to £17 billion, according to accountancy firm Deloitte.  Click here for more on London's best events and Christmas parties.
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