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As the UK economic turmoil continues there is hope today that we may finally have seen the end of the boom and bust economic cycle if UK authorities learn by their recent mistakes. But is this...
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Wednesday 12th November 2008
Only a quarter of Britons currently think they are putting enough in their savings, according to new research.
A survey by Nationwide Building Society found that the future was more optimistic however, with more than half (52 per cent) believing they will be saving enough in six months.
This was an increase of five per cent compared to the same survey last month, which Nationwide believes is positive news, considering the current financial turmoil and the run-up to Christmas beginning.
However, despite 99 per cent of respondents saying that it is important, 21 per cent do not put anything into their savings.
"The fact that half of consumers are still failing to save or are only saving occasionally is a concern, especially with the expensive festive season approaching," said Nationwide director of savings Matthew Carter.
"However, our latest research shows a slight increase in the number of people who are feeling positive that they will be able to save the correct amount in the future, which is small step in the right direction."
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