This Is Money Show

Are you itching to spend after lockdown or planning to save?

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Sinopsis

Are you itching to spend or planning to save? Lockdown savers are forecast by the Office of Budget Responsibility to have stashed away £180billion by the middle of this year.   That collective cash pile has been built up by those who have been fortunate enough not to see their finances hit by the pandemic, but have seen their outgoings drop substantially.   We’ve already seen some big spending themes come out of this, as people splash out on everything from home improvements, to luxury garden furniture, expensive pizza ovens and hot tubs.   The expectation is that as lockdown eases and people are released into the hoped for freedom that vaccines bring, they will go on a spending spree.    But will that definitely happen and will the economic rebound be strong enough to create a virtuous circle that delivers the much-talked about Roaring Twenties?   Or will people be more cautious and adopt their newfound savings habit more permanently?   On this week’s podcast, Georgie Frost, Helen Crane and Simon Lambert, di