NS&I Reports Growing Confidence Among British Savers For The Year Ahead
Released
on: January 08, 2010, 5:38 am
Author: NS&I
Industry: Financial
According to the latest Quarterly Savings Survey by NS&I, the
British population is feeling increasingly confident about its ability
to save more in the coming year. Perhaps encouraged by recent reports
of a financial upturn, British savers are more confident in their
outlook with over a quarter of the population (27%) saying they are
more likely to save money in the next 12 months than they did last
year.
The NS&I figures reveal that male savers appear especially confident about the
likelihood to set more money aside in 2010, with almost a third (30%) saying they
will save more in the next 12 months, up from 25% in autumn 2008. By comparison,
women savers have remained consistent in their outlook with 24% expecting to save
more in the coming year, the same figure as autumn 2008. It is also the first time
since spring 2008 that male savers have said they are more likely to increase rather
than reduce the amount they save over the coming year,
Tim Mack, NS&I's savings spokesperson, commented: "People are increasingly
confident that they will save more over the next year than they have done in the
last year. Improving prospects in 2010 may be one reason, or it could be that
people are taking the New Year as an opportunity to review and refresh their
finances, and to increase their savings to boost their financial security."
Greater London, Wales, East Anglia and the North East England are the areas
displaying the most certainty, while people in the South West are the least
optimistic. Just 22% of people in this area thought they would save more in 2010.
For regional data, a copy of NS&I's Quarterly Savings Survey, case studies or further
information on the statistics supplied in this release please contact the NS&I media
team. Previous copies of the survey are available from the NS&I website.
Notes to editors
The Quarterly Savings Survey began in 2004, and reached its 5-year anniversary in
autumn 2009
The autumn 09 omnibus survey was conducted by TNS, amongst 3012 respondents between
4 September 2009 and 1 November 2009.
Senior spokespeople are available for interview and high-resolution photographs can
be supplied.
About NS&I
NS&I is one of the UK's largest financial providers with almost 27 million
customers and over £96 billion invested. It is best known for Premium Bonds, but also offers Inflation-Beating Savings accounts, Savings bonds, Guaranteed Equity Bonds and
Children's Bonus Bonds in its range. All products offer 100% security, because
NS&I is backed by HM Treasury.
NS&I products are available over the telephone, internet, post and by standing
order. They are also available through a network of Post Office branches, and the
product range guide is available in over 300 WHSmith high street stores.
PR Contact:
Gill Stephens
National Savings and Investments
375 Kensington High Street
London
W14 8SD
020 7348 9449
ISDN for interviews: 020 7602 4522
www.nsandi.com
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