Posted on: 27th December 2016 in Finance
Brits back home will have typically spent 44% of their December salary on Christmas, according to the Nationwide Building Society’s Christmas Spending Report. One in three pay for Christmas by taking out debt – whether overdraft or credit card. And one in five get lumbered for three months or more with paying off Christmas debt. Figures aren’t available for our spending habits as expats in the UAE. But there’s no reason to think our habits are that different. The long and the short of it is that Christmas costs! And don’t we all know it! But we’re not the only ones saddled with a Christmas cost extravaganza. Spare a thought for Santa Claus – who, by now, having finished his rounds if he’s being sensible, will be having a good, hard look at his balance sheet. And that’s because your balance sheet, Santa, is seriously in the red! Product comparison experts Expertmarket.co.uk have carried out a full analysis of The Lapland Inc Balance Sheet and reckon that Father Christmas is running at an annual loss of over eight billion pounds (£8,421,792,249 to be exact).We have 18 offices across the globe and we manage over $2billion for our 20,000+ clients
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