One in three Britons will take on debt to pay for Christmas gifts, a survey has found. Most of those going into the red will spend more than average on their credit card, or use their overdraft to absorb extra spending. Others will borrow from friends or family, or take out a personal loan. About 44 per cent of the nation is already living with non-mortgage debt, such as outstanding credit card balances.
Debts: A survey has found that 31 per cent of us are prepared to spend more than be can afford on Christmas presents