en-us http://backend.userland.com/rss Your Friends @ Myvesta.org.uk (stever@myvesta.org) myvestaukblog_archive.html stever@myvesta.org 114260858985396900 Britons are forking out huge sums of money on luxuries, a new report claims.

A study by Morgan Stanley states that the average Brit spent £166 in the last three months of the year on personal treats with their credit card, far more than the £55 spent on other halves.

The younger generations are thought to be the most impulsive, with those in their 20s spending nearly 50 per cent more than the national average.

"Despite reports of a quiet end to 2005 on the high street, our research shows that Britons still found time for the occasional self-indulgent purchase," said Patrick Muir, marketing director for the Morgan Stanley credit card.

Those in the north-east of England were the most generous, with people in the east Midlands most likely to indulge themselves, spending £261 per person in the last three months of the year.

© Adfero Ltd