Britons in "saving frenzy" as fears of recession mount

Professional Adviser
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Britons intend to save 30% of their disposable income this month, suggesting fears of a UK recession...

Britons intend to save 30% of their disposable income this month, suggesting fears of a UK recession are increasing, according to the first in a series of findings from Alliance & Leicester's "Wealth Tracker Index". At a time when interest rates are at their lowest level since The Beatles topped the charts, the findings show that, on average, Britons intend to save £93 this month, to total around £4bn across the UK. Findings also show Britons are not taking advantage of investment opportunities and would still rather borrow more money to finance their lifestyles. The "Wealth Track...

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