Before we venture into the intricacies of holiday loans, such as advantages and viability of it, let us have a look into the following data.

Household Spending Data

As according to the statistical data available in UK, the average spending per household was at 459 a week in 2007 compared to 449 in 2006. The data has been provided by COICOP (Classification of Individual Consumption by Purpose). If we go by the statistics, we find that household spending remained at its highest in the transport category, at 62 a week in 2007. People bought vehicles vociferously while they spent 28.80 when it came to operating personal transport. These are the spendings on the fuel, which includes petrol, diesel, repairs and servicing. 10.10 was spent on the transport services that included rail, tube and bus fares.