World Cup gambling could kick consumers into debt

New research from London Victoria shows that one in three adults in Britain will fancy a flutter during the World Cup, a situation which is made more alarming by the fact that 29 per cent of people don’t plan to save any money at all during this period.

Of those among the male population who are putting money aside for a rainy day, just under a quarter are then undoing their good work by gambling it away.

Nigel Snell, Liverpool Victoria’s head of corporate communications, said: “While a lot of people still intend to gamble substantial amounts over the period of the World Cup, the important message about the need to save does seem to be getting through to some people.

“However, the well publicised savings gap would be reduced further, if more people diverted some of their gambling money into regular savings.”