Brits finally cut back as tighter economy takes hold

April 15, 2008

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.

More from Mintel
  • Mintel Store
    Mintel Store
    Get smart fast with our exclusive market research reports, delivering the latest data, innovation, trends and strategic recommendations....
    View reports
  • Mintel Leap
    Mintel Leap is a revolutionary new AI-powered platform that will transform your research process....
    Book a demo
Subscribe to Press Releases
Contact Press Office
Related articles

Download the Latest Market Intelligence