Out with the old and in with the new this Christmas
The saying "one man's trash is another man's treasure" may carry more weight than usual this Christmas. For the first time in several years, the prices of goods and services have risen by more than wages, meaning that the average UK worker is worse-off in inflation-adjusted terms this year, than last. While some households will dip into their savings as a means of preserving real consumption and saving Christmas, others will opt to borrow more. But those constrained by a