Article 26THY Britons putting away money in anticipation of Brexit slowdown

Britons putting away money in anticipation of Brexit slowdown

by
Angela Monaghan
from on (#26THY)

Personal deposits grow 32.4bn over first 11 months of 2016 as people prepare for slower wage growth

Britons are bracing themselves for a Brexit-related slowdown in 2017 by stashing away cash at increasing rates, according to the latest snapshot from the UK's high street banks.

Personal deposits grew by 4.8% year-on-year in November, figures from the British Bankers' Association (BBA) showed, as people prepared for a tougher year of weaker economic growth and lower wage growth.

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