Are you cutting back on gifts for Christmas?

New figures suggest more than half of us have bought fewer presents this year...

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JUST over half of the British public are cutting back on the number of presents they are buying for friends and family this Christmas, a poll suggests.

Rising prices for household goods have influenced 51% of Britons to buy fewer gifts this year, the Savanta polling revealed.

The representative poll of 2,138 adults, conducted online between December 12 and 15, also found that over a third of the public, 37%, are set to host fewer guests or even no guests on Christmas day.

Some 45%, meanwhile, plan to stay home, rather than visit family or friends in order to save money.

The Liberal Democrats, which commissioned the polling, said it highlights a ‘cost-of-giving crisis’ influenced by the continued rise in prices of household goods.