Savers cutting back because lack of real return

Disgruntled savers are cutting back on the amount they are putting aside each month due to the lack of a real return on their cash, a study suggests.

About two in five households said they can afford to save each month but the average sum put aside has dropped to £71 across the UK, down 24% from £93 when a similar study was carried out in January, Legal & General's MoneyMood survey found.