UK customers withdrew a record £2.3bn in January

[Cyberman]

It's being used by parents to help their unemployed/student children, by people to pay off debts, including mortgages etc. There is simply no incentive to save at the current interest rates, but there are very good reasons to clear debts.

[Svalbaard]

I paid quite a lot in. It still pays more than keeping it under the mattress offsetting the mortgage.

[Bagpuss]

Not if it's being spent.

[Doggy Styles]

Well Dim, I could be the only one here who thinks this is bad news on every front.

[DimPrawn]

http://www.telegraph.co.uk/finance/p...rom-banks.html

The British Bankers' Association said that customers withdrew £2.3bn in January, the biggest drop since records began.



Looks like everyones living on the war chest then?

Doomed in a few months.