Cash-strapped Britons are raiding the piggy bank to cope with the rising cost of living, it has been reported.
More UK consumers than ever before are dipping into their
On average, British adults have taken around £400 out of their long-term
The top reason given for using money from
Jason Robinson, director of
However, he counselled consumers to take advantage of the current climate, saying: “Interest rates at a six-year high mean great returns for savers, whatever amount you can afford to put away.”
In other news, a study by the Fawcett Society has found that women are more likely than men to struggle with repayments on
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