Alliance & Leicester: Finances now dominating conversations

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Alliance & Leicester: Finances now dominating conversations

New research from Alliance & Leicester has found that the current economic situation, in particular inflation and house prices, is now being talked about more than sport, politics or celebrity gossip.

Demonstrating how money worries are now at the forefront of many people's minds, its survey revealed that half of Brits have recently discussed finance-related issues with friends, colleagues and family.

In comparison, just over a quarter talked about the latest celebrity goings-on, while 40 per cent of people had debated the latest sporting fixture.

Despite concerns over the UK's economic future, Ewan Edwards, head of savings at Alliance & Leicester, warned that many people are not making the most of their savings.

The bank found that of those who have money saved up, 52 per cent simply leave it in a current account, while 49 per cent of people fail to take advantage of their tax-free savings allowance by investing in a cash individual savings account.

Nationwide called on the chancellor to use the upcoming Budget to introduce measures to encourage people to save more.
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