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On the eve of what is sure to be Alistair Darling's most important political statement there is speculation and counter speculation about how he will address the situation of the UK economy next...
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Monday 23rd June 2008
Britons are turning to online banking sites in the wake of the credit crunch, it has been suggested.
New figures from cahoot shows that, collectively, UK residents spend around three billion hours a year checking up on their finances through online banking.
This is around 300 million more hours than are spent on social networking websites such as Facebook - and equates to around 1.5 hours per week being spent on banking by every adult in the UK.
Around seven in ten people who banked online also said that they were using the service more now than they were 12 months ago.
Matthew Timms, director at cahoot, commented: "While you might be forgiven for thinking that the internet's biggest draw is social networking sites, nowadays it's actually online banking. Indeed, the credit crunch is making Britons far more conscious about keeping in control of their finances.
"As a result we're flocking to internet banking, where we can instantly access and manage our finances at a time and location of our choice as well as pick up some of the best rates on the market."
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