One in 10 Britons still paying for Christmas 2011

More than one in 10 Britons who took out loans to pay for Christmas 2011 are still paying off their debts, research has found.

The Money Advice Service said 41 per cent think that this Christmas will be harder to afford than last year.

Nearly half of those surveyed took out a loan or went into more debt to get themselves through the festive season last year - 13 per cent said they are still paying the money off.