Savings go on loans

People are spending their savings on loans.The average Britton saves nearly £600 every quarter but then spends over a third of it to solve cashflow problems, new research has found.Building society Birmingham Midshires made the discovery as part of ongoing research into the nation’s savings habits. It shows that the savings gap is more than a case of people not saving. Since August over 60 per cent of the population have put money away, but are unable to leave it alone.Overspending is top of t