Savings Confidence On The Up

23 Sep, 2014

The UK population is feeling more bullish about its ability to save, a new survey by Lloyds Bank has found.

The latest quarterly Lloyds Bank Savings Index asked 3,500 consumers about their savings habits during the first quarter of 2014.

It found that easing pressure on disposable income and the positive economic outlook have contributed to an uplift in the number of people saving.

According to the poll, two thirds of Brits save “regularly or whenever they can”, up two per cent over the last year. Meanwhile, 78 per cent try to save whatever spare money they have.

A savings spokesperson at Lloyds Bank, said: “It is encouraging to see a more positive outlook and shift towards savings in the last year, even if the trend is gradual in some areas.”