Brexit concerns see high rate of savers in border areas, report shows

Concerns about a hard Brexit has seen the highest rate of savers since 2010 in the border midlands region.

That is one of the findings of the latest Bank of Ireland/ESRI index measuring attitudes to savings and investment.

The percentage of regular savers in the border areas rose to 51%.

Bank of Ireland's Tom Mc Cabe says attitudes to saving remains strong: "I think the Savings Index itself was dragged lower by slightly weaker views of the savings environment.

"That was a little unusual considering that savers have Brexit hanging over them but generally speaking the savings attitude has been quite strong in the past few months."

Mr Mc Cabe said that while there was a slight dip in saving sentiment, there was a slight improvement in investment sentiment.

More on this topic

Nancy Pelosi on Brexit: why Irish-US diplomacy is a powerful force in border talks

'This is not a vote against Boris': Rachel Johnson on standing for Change UK

Nigel Farage vows to target Labour heartlands with new Brexit Party

Boris Johnson's sister to stand as European election candidate for Change UK

More in this Section

Samsung delays launch of folding phone after breaking issues

Tourism looks to take a swing at the Tiger Woods bounce

Irish economy enjoying strong start to the year

Alternatives to loan sales must be priority


Lifestyle

These are the wedding wines to consider if you’re planning your big day

Why Stargazing Pods at Alton Towers are out of this world

Ask an expert: What are DOMS and how can I reduce the aches and pains?

Ask a counsellor: My husband has a drink problem – what do I do?

More From The Irish Examiner