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Consumers likely to play safe rather than spend, spend, spend Half (51%) of people in the UK who have built up their savings during the pandemic intend to hang onto these funds, new research suggests. The findings pose a challenge to the view that the UK economy will bounce back in 2021 due to a sudden release of pent-up consumer demand, says Ipsos MORI, which surveyed more than 3,000 people for Nationwide Building Society’s UK Consumer Insight Panel. What’s more, this comes at a time of record-low interest rates, when there has never been less of an incentive to save. Three quarters (74%) of those who took part in the survey said they want to save more than they have done in the past, as the pandemic has shown the world is full of risk and uncertainty. And eight in ten (79%) said they want to save enough money so they don’t need to worry about losing their job. ....
What Britain s holiday hotspots will really be like this year From Cornwall to the Lake District, here s plenty to enjoy on home soil – here s what to expect St Ives will feature on many UK holiday wishlists Credit: Getty Are you planning for a Great British Summer? With domestic holidays back on in England and Wales, and little certainty provided on the resumption of foreign travel, UK tourist resorts are expecting a bumper season. Telegraph Travel marked the Great Unlock of self-catering accommodation on April 12 by sending our writers out to report on reopenings. The weather has yet to catch up with the optimism heralded by the gradual easing of lockdown. Come summer, hopefully this will have changed. ....