predicts Ferratum

Couples are now spending more than ever on their big day

New research from short-term lender Ferratum has found that couples in England and Wales will spend an incredible £6.8 billion on weddings in 2017 alone. With the summer wedding season fast approaching, Ferratum predicts that weddings from July-September alone will cost a £3.3 billion in total this year.

Many couples cannot afford these high budgets, however. Ferratum’s research also reveals that 1 in 4 couples are borrowing to fund their big day, with an incredible £958 million due to be borrowed this year in order to meet their dream wedding costs.