Home-made cards ''popular'' among credit crunched Brits

Britons are to cut costs this Christmas by making their own presents and cards.

According to National Savings & Investments (NS&I), four in ten people plan to pass up shop-bought gifts and greetings and make them themselves.

The new poll also found that seven in ten found the home-made alternatives "more thoughtful" than the others.

NS&I said that, due to the current economic climate, around two thirds are looking to make their money "go further" this Christmas.

The economy is contracting, official government figures show – while the inflation rate, though dropping, remained at over twice the Bank of England''s target in latest results.

Dax Harkins, senior savings strategist from NS&I said: "Christmas is the season of giving and people want to give generously to loved ones. With the recent financial uncertainty having a knock-on effect on Christmas budgets, it is clear that people need to be more imaginative this Christmas.

"Those celebrating the season need to ensure that they are planning and spending within their budget and should try not to overspend, dip into overdrafts or go into debt."