Thursday 13th of January 2011
The degree to which people are concerned about their finances - which could include those deep in the red who are seeking independent voluntary arrangement answers - has been highlighted by new research.
Carried out by AA Travel Insurance, the study revealed many individuals in Britain are deciding not to splash out on luxury expenditure, such as taking a holiday abroad, because they are too worried about their money situation.
The investigation showed 21 per cent of UK adults will not be taking a vacation overseas this year, with 40 per cent of them claiming the state of the economy has dissuaded them from funding such a trip.
Mark Huggins, director of AA Financial Services, said: "A large number of people who normally take an overseas holiday are having second thoughts while those who are continuing with their holiday plans are counting their pennies."
Recent findings presented by Skipton Building Society showed a third of Britons have no spare cash to their name when the end of the month rolls around.
By Rachel Powell
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