An increasing amount of companies in Wales are holding Christmas parties this year, according to a new study by Deloitte and the Western Mail.
The survey of 300 companies found that 61% are planning on holding a Christmas party – a rise of 2% on last year.
However, it was found that 75% are not planning on spending money on gifts for either clients, customers or staff this year, so while the majority have a party to look forward to there will not be any presents under the tree it seems.
John Antoniazzi, partner at Deloitte in Wales, said: “This Christmas is a difficult one to call for Welsh businesses. While many are in a better financial position that they were last year, there is still a degree of caution over budgets. A Christmas party is an easy place to curb spending, especially since they need to be planned in advance with a budget committed to it early in the year. However, sentiment more often than not prevails and firms will often give in to festivities despite intentions to remain cautious.”
We have many bargain Christmas parties in Cardiff, Swansea and elsewhere in Wales, so there may yet be time to persuade your boss to open his wallet.