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Festive debt for one in five

One in five people in Northern Ireland consider Christmas spending to be so important that they are prepared to get into debt over it, according to a survey today.

At 21%, the number of people surveyed in Northern Ireland who will borrow first before cutting back on their Christmas shopping is bigger than anywhere else in the UK.

The research into attitudes to Yuletide spending, commissioned by the Institute of Financial Planning and National Savings and Investments, said the national average was 14%.

Around 23% of Northern Ireland respondents said they "always" worry about money, compared to an average of 17%, while slightly more people in Belfast owned up to not saving any of their hard-earned cash.