First, some good news: according to new research from IFA Promotion (IFAP; an organisation which promotes the benefits of independent financial advice), we Brits have made a serious effort to save and invest more in the past few months. Hurrah!
Second, some bad news: IFAP also warns that we can’t get rid of our bad habits, because our appetite for borrowing money is undermining our efforts to save — something which it calls the ‘savings brake’. Oops!…
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