Thousands of UK consumers are victims of web fraud every year after booking bogus flights or holidays online.

Forget knitting and false teeth, the new generation of grandparents are out and about and living it up. A few years ago, retired American tourists started displaying bumper stickers that declared, "We're spending the kids' inheritance". And what started as a joke has become a reality.

With the effects of the credit crunch taking hold UK consumers are looking to make spending cut backs on holidays, says a new report. There are a number of ways to save money and still enjoy a revitalising break.