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April 2018

The latest news from Hampshire Trust Bank

As a nation, we are borrowing more and saving less than ever before, a trend we all recognise needs to change. But, how do we do this? Are there simple steps we can take to help turn the UK back into a nation of savers?

According to the latest figures from the Office of National Statistics (ONS), in 2017 saving levels fell to their lowest point since records began over 50 years ago, with the households' saving ratio dropping to 4.9% as households' spending exceeded the growth of households' income.

In addition, the ONS figures show that last year UK householders were net borrowers for the first time since records began 30 years ago, turning us from a nation of savers into a nation of borrowers.

Clearly, no one wants to be in debt and we would all like to borrow less and save more, so where do we start?

Firstly, savings habits have to be learned. Thankfully, personal finance has become a mandatory part of maths and citizenship lessons in secondary schools, with many educators recognising the importance of introducing these concepts to children as early as possible. The good news is that it's never too late to start learning. There are plenty of resources out there to help us establish better savings habits, no matter what age we are. For instance, the Money Advice Service provides a host of information, hints and tips such as saving 5% of your income.

Secondly, shopping around is key. It sounds so simple, but it's a task easily overlooked. Wherever possible we should be reviewing our mortgages, loans, credit cards and other sources of borrowing to ensure we are on the best possible rate. After all, if we can cut the interest rates we pay to borrow, we will have more to save.

While the Bank of England recently voted to maintain the Bank Rate at 0.50%, market commentators are speculating that this is likely to increase this year, maybe even soon as May. In time, this could help push interest rates up, meaning savers could get a greater return on their cash. We hope this will encourage more people to save and help lift the savings ratio up once more.

Find out more about our Personal Savings and Business Savings accounts.

Stuart Hulme

Director of Savings and Marketing at Hampshire Trust Bank

Case study

Specialist broker Medialease, which provides asset finance services to firms working in broadcast, live events and audio visual, has secured over £300,000 in funding from Hampshire Trust Bank for a range of media equipment and providers.


We have created a short document Preparing for GDPR, which sets out what we have done to ensure we will be compliant with GDPR by the 25 May deadline, which we hope you find useful.


Our recent SME Growth Watch report has been referenced by this article on the London School of Business & Finance website.

Specialist Banking features a case study from our Property Finance team on a residential development in Norfolk.

Vincenzo Scalzone, Head of Broker in our Asset Finance division, talks about the opportunities available for brokers in this article in NACFB magazine.

Hire purchase and leasing finance for businesses and consumers via specialist independent introducers

Creative and customised relationship-based financing solutions for experienced property professionals

Short and long-term tailored mortgage lending for SMEs, trading businesses and investors

Straightforward and consistently competitive savings accounts, helping you get great value for your savings

Consistently competitive and transparent deposit accounts designed to help your organisation make the most of its surplus working capital

©2015 Hampshire Trust Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority. Our FRN number is 204601. We are a company registered in England and Wales, registration number 01311315. Registered office: 55 Bishopsgate, London EC2N 3AS. Hampshire Trust Bank, HTB and Hampshire Trust Bank shutter icon are registered trademarks of Hampshire Trust Bank Plc.