Wealth is being dispersed around London

Individual savings levels are pretty much commensurate with what one would expect given the location of the saver when one considers all ages of savers, according to Lloyds TSB Savings. Kensington and Chelsea residents, for example, have the most saved with an average savings balance of £22,799 whereas Newham residents have an average of £2,572 saved. That said, evidence suggests there is a much less a disparity in savings when it comes to the under 30s. The best savers under 30 live in the City of London and have an average of £5,030, sys Lloyds TSB, while Newham under 30 savers have...