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DAILY TELEGRAPH Chinese 'birth tourists' to Hong Kong double - Thu, 09 Feb 2012 18:44:20 GMT
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BBC NEWS BBC News - Business - Thu, 09 Feb 2012 18:21:48 GMT
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CML: Mortgage arrears and possessions conference at the The Midland Hotel, Peter Street, Manchester, M60 2DS
Brits' savings soar
New research from Birmingham Midshires' Saving Britain campaign suggests Brits have increased the amount they are saving on a quarterly basis by 136% compared to this time last year.
In the three months to January 2010, Britons saved an average of £776, compared with £329 during the three months to January 2009. However, this is less than the £849 saved in the three months to July 2009.
It also seems that although two in five British adults (38%) admit to raiding their savings during the same period, the average raiding amount has reduced to £1,724 from an all time high in July 2009 of £2,191.
Commenting on the latest findings, John Bianco, head of Birmingham Midshires Savings Products, said: “It is encouraging to see that people are taking their savings seriously, putting away more and raiding less. In the current economic climate people have revisited their savings habits with a marked increase in people saving for a rainy day."
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