Holidaying remains the hot cake despite squeezed credit
Credit crunch is unable to create any significant change in the lifestyle of Britons as an overwhelming proportion of them are going for annual holidaying.


/Finance News Articles/ - LONDON, UK, July 11, 2008 - Britons prefer to spend less on everyday luxuries than denying themselves an annual holiday, despite of horrible the credit crunch, fear of negative housing equity and rising food and fuel costs. The recent survey by a reputed newspaper shows this fact. Only 2 percent of 1,000 people polled by the newspaper said they would consider cancelling their holiday to meet the financial ends. More than a third of the sample would ditch dining out, the same proportion would give up shopping for clothes or stylish household items, and 14 percent would cut down on smoking or give up drinking at the pub to counter the cash short fall.

The survey also found that, for 95 percent of Britons are in mood of a holiday at least once a year. The annual holidaying is more important to their overall happiness than owning a home (73 percent), being in a relationship (63 percent), having a car (47 percent) or starting a family (42 percent) etc. Britons are always been much more likely to explore the four corners of the earth than to buy the latest flat screen TV or other white goods. Budget-conscious Britons willing to be flexible and spend time researching dates and destinations can still find the perfect trip at the right price despite of the credit crunch.

Few Britons are making significant changes to their lifestyle to counter the financial change despite a widespread acceptance of the dangers of credit crunch.

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