The recession seems to have kept a grip on celebrations as people opt for a more conservative Christmas this year.
With the big day just around the corner, frugal Brits have kept spending down with a third of people spending less than last year, and everyone else sticking to the same budget as 2011.
But it's not just the presents that are getting cut, with people opting to stay in instead of having a festive night out on the town, and choosing budget wrapping paper instead of fancy gift-wrap in order to save some cash.
The research carried out by The Co-operative found that those in the East of England are likely to spend over £200 less on Christmas compared to their lavish neighbours in the North-East.
A massive 77% of people added that they won't be letting themselves get into debt post-Christmas, refusing to use savings, credit cards and overdrafts to fund their family's festivities.
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