Martin Lewis warns Brits shouldn’t buy Christmas presents this year

With Christmas slowly creeping around the corner, many of us will have already started shopping for presents.

But this year the festive period will be slightly different and that's all because of the coronavirus crisis.

Although we're in a pandemic, Martin Lewis, 48, has another good reason why we shouldn't buy gifts this year.

The Money Saving Expert founder says the holiday has become about spending and getting into debt, rather than a celebration.

He urged Brits to avoid it as "we've become disconnected from why we give gifts".

Speaking to The Mirror, Martin said: "Christmas has wrongly become a retail festival."

He continued: "Instead of a joyous occasion, for many the season of goodwill causes unhappiness, debt and worry.

"So say it loud, say it proud and say it now: 'I won’t be buying you a present this year'.

"Many buy gifts for others that they know they won't use, with money they don't have, causing themselves stress they don't need.

"We've disconnected from why we give gifts."

  • Martin Lewis warns parents they have days left to claim £14,000 coronavirus grants

Martin also described Christmas as a "zero-sum game".

The MSE expert added: "We often buy things we know recipients won't want, just to tick the box.

"This tit-for-tat giving means most people end up with tat – cluttering houses, costing money, and filling landfills.

"It does no one any good."

But Martin's statement doesn't mean you shouldn't buy anyone gifts.

He said spouses and children are an exception but people should agree to cut out the list of friends, cousins and neighbours.

The financial guru revealed: "If you agree, be brave and raise this now.

"It could mean a happier Christmas (and less indebted new year) for you and your friends."

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