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- Abbey: Brits cut spending during recession - 23rd February, 2009
Abbey has conducted research which reveals that "the vast majority" of UK consumers are cutting back on the amount they spend because of the recession.
The bank found that 69 per cent of people in the UK have reduced the amount they regularly spend on food, either by switching the brands they buy or shopping at a cheaper supermarket... - Financial outlook gloomy, say Brits - 20th February, 2009
A survey conducted recently revealed that the majority of Brits are gloomy about the financial outlook for the next few years.
The poll, conducted by the Nottingham building society, found that 80 per cent of Brits believe that the credit crunch will continue until the end of 2010, despite the government's efforts to ease the flow of credit... - The Nottingham: Consumers tightening purse strings - 20th February, 2009
Consumers are reining in their spending because of the credit crunch, a survey has shown....
- Brits 'opening savings accounts' - 20th February, 2009
Increasing numbers of people in the UK are opening savings accounts to help them cope with the credit crunch, according to a poll released recently.
The survey, conducted by the Nottingham building society, found that ten per cent of respondents had opened a new savings account "in recent weeks".
At the same time, 21 per cent of those who already have savings accounts told the building society they are increasing the amounts they set aside, despite the fact that many people's disposable incomes have fallen recently... - Abbey and Alliance & Leicester launch new bonds - 20th February, 2009
Two high street banks have announced the launch of a new fixed-rate bond which could offer an alternative to traditional savings accounts.
Abbey and Alliance & Leicester's new offering is a two-year fixed-rate bond which pays interest at a rate of 4.01 per cent.
The two banks said that the bond will be available to people for a minimum investment of £30,000 and up to a maximum of £200,000. The bond offering is limited and is only available while funds last...