ONE IN TEN BRITS PREFER TO STORE CASH UNDER MATTRESS
It’s been a bad week for Britain’s banking industry. First we hear that HBOS is in trouble and being taken over and then the news that Bradford and Bingley are also experiencing difficulties. Bradford and Bingley have reassured their customers that their savings are secure, with deposits of up to £35,000 covered by the government-backed protection scheme. However it’s little comfort to the many thousands of the bank’s customers. After the collapse of Northern Rock earlier this year and the current bleak economic climate, one in ten Brits now say they don’t trust banks and think it’s safer to store their cash under the mattress!