Cash-strapped families planning to stay at home this summer holiday

Nearly 40% of Britons will stay at home this summer rather than take a holiday, as families cut back on 'extras', a study has revealed.

The findings show increasing numbers of people are giving up their traditional summer holidays, with domestic tourism taking the greatest hit.

Those who do go away are likely to rein in their spending and will have saved for the trip in advance rather than relying on credit cards, according to the survey for savings bank ING Direct.

The poll of 2,000 people revealed the number of Britons taking a summer holiday has fallen sharply in the past three years.

Around 20% of people consulted said they had already put money aside and 36% said they would save up for the expenditure rather than use a credit card.

Will you be taking a summer holiday with your family this year?

If you're staying at home, we've got some great affordable ideas here.

And we have ways of getting away for much less money - home swaps, youth hostels...