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It seems that we Brits have been keeping an eye on our savings balance. In the last three months the amount we've added to our savings accounts has slowed down by 34%, however at the same time we are protecting our savings more, withdrawing significantly less than in previous quarters. So although...
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I think it's relative. You may spend less abroad, but you will probably earn the same proportional amount less too. If you do have savings in £ though, you could end up buying a house abroad for half the price you could here. Got to remember what you are giving up though. Erm.... rain all summer...