Londoners planning cut-back Christmas as bills and mortgages rise

While it might be the most wonderful time of the year, Christmas is also one of the most expensive.

According to research from Go Compare, financial worries are affecting how Brits are planning for the festive holiday.

Over 35% of Brits have decided to make ‘tough decisions’ to cut their Christmas budget this year.

A further 8% of people admitted they will spend money they don’t have to fund travel, gifts and food throughout the festive season.

But how are Londoners feeling about Christmas this year? We ventured out onto the twinkle-light-covered streets of the capital to find out...

One Londoner said: “Our outgoings and bills (including council tax and mortgage) are all going up, so we’re trying to be really really careful with Christmas this year.”

Another said they have always considered how much money they spend at Christmas. Adding she ‘rarely buys gifts’ so when does she likes to make sure they are ‘nice regardless of the cost’.

Watch our video above to see the full responses.