Shoppers face Christmas credit squeeze as average Briton is now £33,000 in debt
'Shoppers will find it harder to borrow money to pay for Christmas as a direct result of the global credit crunch, it has been claimed.
Acountants PricewaterhouseCoopers say banks will turn down an increasing number of applications for loans, credit cards and overdrafts.
The organisation warns that there will be a spike in the number of people going bust in the New Year as a direct result of the credit squeeze.'
