‘We’re being really careful’: Are Londoners worried about spending too much this Christmas?

After GoCompare revealed over 35% of people are looking to spend less on Christmas this year, we asked Londoners how it was affecting them.

Transcript

00:00New research from GoCompare has found that financial worries are affecting how Brits

00:06are planning for the festive holiday, with over 35% saying they've made tough decisions

00:12to cut their Christmas budget this year.

00:15The comparison site asked over 2,000 Brits about their plans and worries for the festive

00:20season and 37% admitted they will have to be very careful with their money this year.

00:27A further 35% stated they plan to spend less than previous years or 8% of people are taking

00:34the decision to spend money they don't have in order to fund travel, gifts or other festive

00:40expenses.

00:42But how are Londoners feeling before Christmas this year?

00:57So I do, I mean I do buy Christmas presents.

01:27And I think I've always considered how much money I'm spending, not just now.

01:37And I buy presents so rarely that when I do, I usually buy something that's really nice

01:41anyway.

01:42It costs what it costs.

01:44Try and figure out how we're going to save the same amount next year as last year.

01:48Usually you'd want those savings to kind of creep up as you get older and you start moving

01:52on in your career and all those things, but actually the opposite's happening and we're

01:55struggling to maintain that consistent level of savings.