30 June 2008
People in North Norfolk are the UK's biggest savers, having squirreled away the largest amount in relation to local pay, according to recent figures.
Banking giant Halifax said savers in the council area have put aside an average of £9,883 each, the equivalent of 55% of local average annual earnings.
There are just five areas of the country where people have savings worth at least half of average local pay, with the Isles of Scilly, Down in Northern Ireland, Christchurch in Dorset and Ceredigion in Wales also making it on to the list.
But in terms of actual savings balances, the City of London tops the poll, with people in the area holding savings worth an average of £14,267.
South Buckinghamshire came in second place with people there holding nest eggs worth around £12,369, followed by Elmbridge in Surrey at £12,071.
Only three of the 25 local authorities where people had the highest savings were outside of southern England, with the Derbyshire Dales, Macclesfield and Fylde in Lancashire the only northern areas to make it on to the list.
People in West Lothian have the smallest savings balances at an average of just £3,897, followed by those in Glasgow City at £4,209 and people in Hackney at £4,209.
The table of the country's worst savers was dominated by Scotland, with 11 local authorities in the region making it on to the list, while five of the lowest savings areas were in Greater London.
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