Released on: July 9, 2008, 10:29 pm

Press Release Author: Gracy

Industry: Financial

Press Release Summary: Credit crunch is unable to create any significant change in
the lifestyle of Britons as an overwhelming proportion of them are going for annual
holidaying.

Press Release Body: London (Shakespearefinance) July 09, 2008:Britons prefer to
spend less on everyday luxuries than denying themselves an annual holiday, despite
of horrible the credit crunch, fear of negative housing equity and rising food and
fuel costs. The recent survey by a reputed newspaper shows this fact. Only 2 percent
of 1,000 people polled by the newspaper said they would consider cancelling their
holiday to meet the financial ends. More than a third of the sample would ditch
dining out, the same proportion would give up shopping for clothes or stylish
household items, and 14 percent would cut down on smoking or give up drinking at the
pub to counter the cash short fall.

The survey also found that, for 95 percent of Britons are in mood of a holiday at
least once a year. The annual holidaying is more important to their overall
happiness than owning a home (73 percent), being in a relationship (63 percent),
having a car (47 percent) or starting a family (42 percent) etc. Britons are always
been much more likely to explore the four corners of the earth than to buy the
latest flat screen TV or other white goods. Budget-conscious Britons willing to be
flexible and spend time researching dates and destinations can still find the
perfect trip at the right price despite of the credit crunch.

Few Britons are making significant changes to their lifestyle to counter the
financial change despite a widespread acceptance of the dangers of credit crunch.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit
http://www.shakespearefinance.co.uk

Web Site: http://www.shakespearefinance.co.uk

Contact Details: United Kingdom