When it comes to festive spending, it is Britain’s grandparents who are splashing out on presents and entertaining, spending an average of almost 600 each on Christmas every year, according to Norwich Union.
Generous grandparents are digging deep into their pockets this Christmas with grandchildren being the main benefactors, and it seems the more grandchildren there are, the merrier. Those with eight grandchildren spend 65 a head on the latest must-have toys and games at Christmas, as well as going well above the average overall spend, splurging an average total of just under 720 treating friends and family to all the trimmings.