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Overhaul of ONS savings data creating a fiction

POSTED: 8th April 2014
IN: Newsroom
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Following news that the ONS is to overhaul the official measure of household savings Simon Healy, MD for savings at Aldermore said:

Following news that the ONS is to overhaul the official measure of household savingsSimon Healy, MD for savings at Aldermore said:

"Survey after survey continues to show that Britons aren't saving enough for a rainy day, let alone a retirement. The changes the ONS introduce may well suggest that we as a nation are thriftier than previously thought, though the facts on the ground show this data to be nonsense. Recent data suggests that up to 15 million of us are making no effort to save, while eight million have no savings at all.

"Last month's Budget introduced some welcomed measures to help savers, but in addition to this, we need practical policies that not only incentivise people to save, but reward the young and old in the short, medium and long term."  

 **ENDS**

If you would like to speak to Simon,journalists can contact him via:

Andy Homer, PR Manager

Tel: 0203 553 4244 (media enquiries only)

Out of office: 07931 492 722

Email: Andy.Homer@aldermore.co.uk

Notes to Editor

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page. 

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