People prefer a 'big night in' on New Year's Eve

By Marianne Straker, Tue 3 Jan 2012 - Published in Home Insurance

Whilst thousands lined up along the River Thames to see London welcome in 2012 it has been revealed that many would prefer to have a "big night in" as opposed to braving the queues of New Year's Eve.

In the seventh New Year survey by the Post Office Home Insurance it said that 36 million people would prefer to stay in compared to 72 per cent in 2010 and 55 per cent in 2007.

Experts believe that money is the main factor in people's decision although it found that the average household planning a party will spend Ł95 on food and drink compared to the Ł48 average spend for those planning on heading out to celebrate.

Gerry Barrett, Post Office Head of Home Insurance, said: "New Year's Eve can end up being a costly night and it can be even more costly for those who plan to stay in. 'Come Dine With Me fever' is apparently gripping the nation but many hosts could see their bills mount up as they look to impress their friends."

People attended events across the UK, including 80,000 people in Edinburgh attending the Hogmanay street party celebrations.

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