Brits To Receive £1bn In Unwanted Gifts This Christmas

Hopefully you’re organised and have finished all your Christmas shopping, with your presents neatly wrapped under the tree ready for 25 December.

Although it’s always nice to receive gifts, if we’re honest there’s usually at least one present that we could do without. In fact, Retail Gazette recently revealed that, collectively, we spend nearly £1 billion each year purchasing gifts that end up unwanted.

The news provider cited research from Voucher Codes, which also found that 33 per cent of us are unable to return or exchange an unwanted present due to a lost receipt. Meanwhile, 26 per cent of people returned a gift without telling the person who gave it to them.

It may indicate that we should think more carefully about the gifts we’re buying for people, with lifestyle editor at the firm Anita Naik commenting: “The research has highlighted we’re overspending by purchasing unnecessary presents that will end up back in shops in January or, even worse, languishing at the bottom of a drawer.”

Given that iNews recently shared research from Money Supermarket that revealed 31 per cent of Brits expect to overspend on Christmas, with 11 per cent even being kept up at night worrying about how they’ll fund the festive period, it could be time to look at our spending habits.

When you’re searching for gifts, at Christmas or otherwise, take the time to really think about what the recipient would like. Buying something personalised is always going to go down well.

For example, sending something special to a gold plating service is a great way to elevate a gift and show that you’ve gone the extra mile for your loved one.