02/12/2008
As news of banks collapsing and trapping customers' money in the rubble hits the headlines, the Bank of England has revealed that UK households withdrew £5.2billion from their savings accounts in October.
The demise of major financial providers, such as Icesave and Lehman Brothers has contributed to the biggest quarterly outflow of cash from savings accounts since record began in the 1960s and the biggest monthly exodus since the 1990s, according to analysts. more