As the UK well and truly heads towards a Credit Crunch Christmas, the Norwich Union have reported that although we will be forced to cut out the usual excesses of the Christmas season, we’ll enjoy it!

The report finds that 80% of us are welcoming in the credit crunch Christmas bugeting with welcome arms, as we feel less worried about having to spend lots of money and getting into christmas debt, and instead are more concerned about spending Christmas our family and friends.

Spokesperson for Norwich Union, Louise Colley, commented:”It’s good to see that we’re refusing to let the credit crunch entirely steal our Christmases and planning more traditional, less expensive celebrations this year.”