Source: Mintel Oxygen Reports - British Lifestyles - Apr 2008

Region: UK

FOR IMMEDIATE RELEASE

Brits finally cut back as tighter economy takes hold

Latest research from MINTEL's flagship report, British Lifestyles, finds that people are now really starting to feel the pinch.

Exclusive consumer research shows that almost three in every five adults (57%) have recently had to cancel their spending plans because they were uncertain about their personal financial situation. And the first things to go when financial insecurity raises its ugly head? Holidays, DIY and savings. Indeed, one in five (20%) delayed a family holiday, 16% had not carried out their planned home improvements and one in nine (11%) had chosen not to increase their savings.

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