£1 billion of technology gifts will be dumped this year -

Christmas is a time for bankrupting yourself giving, but a whopping £1 billion ($1.6 billion) worth of unwanted technology presents will be binned in Britain this year, according to a report commissioned by the British Video Association.

The report, which surveyed 2,000 Brits, asked about unused and unwanted gifts, with technology gadgets rating high on Santa's list. In fact, it was discovered that 31 percent of people in the UK receive electronic gifts for Christmas that they don't want or use.

Among the top gadgety gifts people are hoping they have the receipt for are: digital photo frames, foot spas, blenders, digital organisers, electronic Sudoku games, coffee machines, digital radios, electric shavers, electric toothbrushes, bread makers, lady shavers, desk top vacuum cleaners, candy floss machines, yoghurt makers, electric shoe polishers, shrink wrap machines and electronic facial brushes.

The biggest excuse for not wanting the gifts is “not having time to use them” at 39 percent. We imagine what they actually mean is they're crap and there's no space at the back of the wardrobe after last year.

“Not seeing the point of them” came in second at 23 percent. A few honest people, 18 percent, revealed they didn't like the gifts, 10 percent were too lazy to regularly clean the devices, and seven percent said they didn't know how to use the gadgets.