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A&L releases savings survey

Savings remain paltry among many Britons, an Alliance & Leicester (A&L) study shows.According to the bank, one in seven have not saved at all over the last 12 months, while one in five feel unhappy that their present nest eggs are so small.One in three even said that they had used some of their savings deposits in 2008 to help them meet their day-to-day costs.Good news contained in the A&L survey was that two-thirds of Britons saved regularly over the year.Moreover, of this group 21 per cent said that they felt "shaken up" by the current downturn and would try to save more in 2009.Hetal Parmar, manager for savings at A&L, said: "At the end of a rollercoaster year, it's encouraging to see a good proportion of Brits developing a disciplined savings habit by saving regularly. What's surprising is the number of people who still haven't put any money aside and aren't concerned about it. "I would urge them to follow the example set by the majority by building a nest egg for themselves. This will provide a safety net during 2009 and beyond."

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