Savers more confident, but still not saving

The building society saw increases in July in both its Savings Index - up two points to 82 - and its Future Savings Index - up five points to an all time high of 106. The gap between those who expect they will be saving more (18%) and less (21%) in six months' time compared to now slimmed to its narrowest point since the Index began in May 2008. The increased confidence has yet to transfer into action, however. Andy Hutchinson, head of savings at Nationwide, said: "The Nationwide Savings Index and its three sub indices - Importance of Savings, Savings Environment and Future Savings ...