UK in savings mood, says Legal & General
12/02/2007
The UK is in the mood to save money, according to the latest findings from Legal & General's MoneyMood survey.
Some 65 per cent of adults in the UK indicated a desire to boost their savings in January, compared to 51 per cent in December, the research shows.
Claire Stracey, director of customer marketing at Legal & General, states that this is the highest savings figure that the company has ever recorded during the three years since the MoneyMood survey was launched.
"A fall in household disposable money is the most likely factor in pushing down the mood to spend in our survey," said Ms Stracey.
"MoneyMood found that the percentage of households who said they have money to spend after paying bills and debt payments fell again for the third year in succession."
She added that January's research was conducted after the Bank of England made its surprise decision to raise interest rates and following economic secretary to the Treasury Ed Balls' announcement that individual savings accounts would be a permanent fixture of the savings market.
As well as monitoring the savings habits of the nation, Legal & General offers investments, insurance, pensions and life cover.
Some 65 per cent of adults in the UK indicated a desire to boost their savings in January, compared to 51 per cent in December, the research shows.
Claire Stracey, director of customer marketing at Legal & General, states that this is the highest savings figure that the company has ever recorded during the three years since the MoneyMood survey was launched.
"A fall in household disposable money is the most likely factor in pushing down the mood to spend in our survey," said Ms Stracey.
"MoneyMood found that the percentage of households who said they have money to spend after paying bills and debt payments fell again for the third year in succession."
She added that January's research was conducted after the Bank of England made its surprise decision to raise interest rates and following economic secretary to the Treasury Ed Balls' announcement that individual savings accounts would be a permanent fixture of the savings market.
As well as monitoring the savings habits of the nation, Legal & General offers investments, insurance, pensions and life cover.
