Covid concerns overtake Brexit woe

PEOPLE are more concerned about the impact of Covid-19 on their finances than they are about Brexit, a survey suggests.

When it comes to the two major challenges the UK faces – the handling of the coronavirus pandemic and Brexit – two-thirds (65 per cent) think the pandemic is more concerning for their finances, while more than a fifth (21 per cent) believe Brexit is the bigger threat, Nationwide Building Society found.

The findings were published as part of Nationwide’s savings index which was compiled from a survey of more than 11,000 people across Britain in May. The research found that, despite many households now living on reduced incomes, nearly two-fifths (37 per cent) of people had put more into a savings account than they would usually, rising to 45 per cent of 18- to 34-year-olds.

Only one in six (16 per cent) people said they had saved less since lockdown started on March 23.