Childrens Pocket Money Lower Than Last Year

Compared with last year the children of the UK are receiving less money than they were, the average down to GBP6.13 a week compared with GBP8.03 in 2007 according to Halifax figures.

Children in London receive the highest weekly amount said a Halifax representative, with nearly GBP8.50 a week hitting their pockets. The lowest amounts received are in the East Midlands, with just GBP4.46 being given by parents each week to their children.

In the parents defence they have certainly seen a big reduction in their own disposable income, the credit crunch and rising costs seeing them finding it much harder to pay their own bills. The Halifax found that parents do still buy things for their children so all in all the kids are still alright.