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Spending fall forecast

JUST 1pc of Irish consumers expect to increase their spending over the festive season as the majority believe their standard of living will drop after the Budget.

More than half plan to reduce their spending this Christmas, according to AXA Financial. Three-quarters of people aged 65 or over expect a fall in living standards, while 57pc of 18 to 25 year olds said they expect a fall in the next six months.