Britons spending more on 'affordable' luxuries than holidays, survey suggests

Britons' spending on designer clothes and dining out has increased significantly on last year amid uncertainly following the Brexit vote, a survey suggests.

Estimated yearly spending on designer clothes, shoes and accessories is up 38% on last year, and spending on technology is up 22% to £190, the YouGov poll for vouchercodes.co.uk found.

Yearly spending on eating out is up to £500 per person, an increase of 6% on last year, and Britons are now spending an estimated average £219 a year on entertainment, up from last year's £173.

However spending on holidays has fallen from last year's average £1,022 to £953, perhaps as a result over currency exchange rate concerns, and spending on drinking outside the home has fallen from last year's £380 to £334 a year.

Vouchercodes spokeswoman Anita Naik said: "With the nation able to allocate a healthy 15% of their income to enjoying themselves, we've found Brits' spend on many key non-essential purchases has increased from 2015.

"With spend on eating out, drinking, designer clothes and technology on the rise, it's perhaps an indicator that Brits are leaning towards 'affordable' luxuries at a time where Brexit uncertainty has affected the housing market and the exchange rates."

:: YouGov surveyed 1,692 adults between August 2-3.