New Year's Eve 2014: Glamorous party dresses for £50 and under

Every year before New Year's Eve rolls around, the question a lot of people will asks themselves is: "What am I going to wear?"

As you bid farewell to 2014 and celebrate your entry into 2015, you will want to make sure you step out in style.

But fear not, for there are several easy and affordable looks you can put together that will have all eyes on you while you enjoy the night.

IBTimes UK has put together a list of some of the most stylish dresses under £50.

1) Hayden Dress

Be the talking point of any party with the glitzy bandeau sequin maxi dress teamed with black high-heel sandals to complete the look.

Hayden dress, £35, Boohoo.com; Sandals, £15, New Look.

2) Purple cut-out dress

To see the new year in with a bang, wear this daring purple cut-out style dress with a pair of silver strappy stilettos.

Cut-out bralet body con dress, Topshop, £38; Rolo Skinny strappy sandals, Topshop, £25.

3) Firecracker dress

New Look's Firecracker dress will have you turning heads wherever you go on New Year's Eve. Team it with a faux-fur clutch to amp up the glamour factor.

Fire Cracker dress, New Look, £30; black clutch, New Look, £18.

4) Foil dress

Dazzle in this stunning foil dress, which can easily be dressed up with a a chic pair of heels for a party-ready look.

Foil dress, Topshop, £36

5) Dark blue-bird maxi dress

See in the new year in this elegant dark blue and chain detail maxi-dress. Finish off the look with some black T-bar sandals and a patent clutch.

Blue bird maxi dress, H&M, £39; Suede sandals, H&M, £69.99.

6) Body con lace dress

Whether your attending a cocktail party or heading to a local bar, look amazing in this lace emerald green dress teamed with glittery sandals and elegant chandelier earrings.

Green Lace tunic, Topshop, £36; Rebel glitter heels, Topshop, £25; Ciara coin earings, Boohoo.com, £8.

7) Pink pointed bust midi dress

Channel your inner city chic on NYE by stepping out in this pink midi dress, accessorised with a black croc print clutch and princess jewel earrings.

Pointed bust midi-dress by Rare for Topshop, £45; croc-clutch, Zara, £19.99; Jewel earrings, Zara, £15.99.

8) Floral party dress

With a glamorous twist to the classic little black dress, this party dress is perfect for a fun-filled night whether you are heading out for a meal or cutting some serious shapes on the dance floor.

Floral Flock party dress by Mistress for Lipsy, £50.

9) Crepe wrap jumpsuit

If you want to go for a more understated look on NYE, pair this sleek wrap jumpsuit with a stylish pair of nude studded heels and sapphire-style statement earrings.

Crepe wrap jumpsuit, Oasis, £50; Tamar heels, House of CB, £120; Earrings, Boohoo, £10.

10) Coral splash

For a cool colourful look, style this high-neck coral shift dress with a metallic clutch. Finish the look off with some shimmery gold diamante heels.

Anya high neck woven dress, Boohoo.com, £18; Jess platform heels, Boohoo.com, £27; Liz snake effect box clutch, Boohoo.com.