Increase in credit card spending at Christmas

This Christmas, consumers in the UK are expected to spend more than last year on their credit cards, a new report reveals.

In 2005, people spent an average of £940 on their cards between October and December.

New research by Morgan Stanley indicates that consumers will spend an average of £1,270 during the festive period, an increase of 35 per cent.

Read more at: Increase in credit card spending at Christmas