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Brits couples shun joint bank accounts

British couples are increasingly choosing to keep their finances separate, a new study has revealed. According to a study conducted by online payments firm PayPal, seven in ten UK couples keep separate bank accounts. Reasons given by the respondents varied from the desire to maintain control of their money, which was cited by 56 per cent. Other reasons given included a refusal to take responsibility for their partners spending (17 per cent) and the perception that keeping money separate will cut down on arguments about money (12 per cent). Cristina Hoole, PayPal UK spokesperson, said: "Our research suggests there is a growing trend emerging between partners and how they manage their finances, with people having separate bank accounts so they can keep control of their own finances. "It also appears that arguments over money are most frequent after people have been in a relationship for a while, perhaps people wait until they feel settled with their partner before bringing up the sticky subject of finances."

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