Geordies are the most cost effective in relation to shopping for Christmas presents… however the place does YOUR household rank?

Geordies are the ‘tightest’ when it comes to buying Christmas presents for their nearest and dearest, a study has found.

Researchers polled 2,000 Brits to find out who was planning on spending the most – and least – on festive gifts.

The study by Outlet Shopping at The O2 found that the average spend was £275.

If every adult in the UK spent that much, the Christmas shopping list for the country would top £15bn.

Geordies, like Ant & Dec, Cheryl and Jimmy Nail, said they’d spend an average of just £219, while Scots – like Sir Alex Ferguson and Lorraine Kelly – said they’d spend £312.

Fold from Yorkshire were the second most generous, spending £305 on average – despite Scots and Yorkshire folk having a ‘reputation for being tight’.

Researchers polled 2,000 Brits to find out who was planning on spending the most – and least – on festive gifts

If every adult in the UK spent that much, the Christmas shopping list for the country would top £15bn

Yorkshire folk are famously tight with money, encapsulated in the saying ‘A Yorkshireman is a Scotsman with all the generosity squeezed out of him’.

Other jokes include that copper wire was invented by two Scotsmen fighting over a penny.

Despite this, the regional spending Christmas list was as follows; 

Women generally spend more than blokes, forking out £290 on festive gifts, compared to £260 for chaps.

Those over the age of 55 spent the most, £330 on average, compared to £310 for those aged 45-55, £290 for those aged 35-44, £240 for ages 25-34, and £180 for those aged 18-24.

Gareth Dunk, 56, of Newcastle, said he was only planning on spending £100 on gifts, adding: ‘I usually give a tenner to the two grandkids, get some perfume for the wife and that’s about it.’

Hilary Taylor, 35, of Edinburgh, said she had a budget of £400.

She said: ‘I love giving and seeing people’s faces when they get something they actually want – I usually spend all year finding and buying gifts for everyone in my family.’

A spokesman for Outlet Shopping at The O2 said: ‘The average Brit will be getting all their Christmas shopping done for £275 this year.

‘Nationally, Scots will be spending the most, with an average set budget of £312, followed by Yorkshire and the Humber at £305.

‘The thriftiest Christmases will be happening in the North East, with an average budget of £219 set aside for gifting.’