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'Worrying signs' for UK debt management

'Worrying signs' for UK debt management

- Wednesday, 15 April 2009

The latest Nationwide Savings Index holds "worrying signs" for UK savers - which could have implications for national debt management efforts.

Opinions canvassed by the financial services provider range from consumers' views on government fiscal policy to whether they are satisfied with their level of savings.

But the latest instalment in the series rates the country's ability to save as "cool" at a record-breakingly low score of 73 on the index.

However, the future of UK debt management could be a little brighter as Nationwide's index-linked forecast of savings sentiment stands at the higher level of 104.

This could be due to an increased amount of money being put aside or, as Nationwide senior economist Martin Gahbauer explains, more earnest national debt management efforts, which are factored into the index.

Any help for consumer finances could be welcomed by the public, as Nationwide's consumer confidence report earlier this month reflected a continued coolness in sentiment at 41 on the index.ADNFCR-2300-ID-19121401-ADNFCR
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