Dec 17 2008
If inflation eases off in the UK, as many experts predict it will do, people may be encouraged to save.
This is according to National Savings and Investments (NS&I), research conducted by which found that 47 per cent of the population, potentially including those saving for children, managed to put money aside in the third quarter of this year.
A spokesperson for the organisation said: "With talk of inflation easing off ... there may be people in the position to start building up their savings a bit more and the message we want to get across is that it's never too late."
The representative added that, as the UK progresses into "uncertain times", those who save money will put themselves on a considerably stronger footing than their counterparts who do not.
Recently, child trust fund provider Family Investments suggested that more than half of UK parents surveyed reported that they would prefer grandparents to invest in child's saving accounts over the festive period, rather than give other gifts.
