P521ORACLE 521 Mon 6 Jan C4 1712:01
SAVINGS RECORD
FUELS MORTGAGE HOPE
Building Societies have reported a
record surge in savings fgr December,
usually a poor month, fuelling hopes
of a cut in the mort£age rate.
Net receipts for the mgnth show saver1
paid in about £800m, with a further
£700m raised in the money markets.
The total was the best on recgrd and,
with demand for mort£ages los, it co4ld
bring forward a cut in the loan rate1.
The societies say the cash came from
people who missed out on Laura Ashley
shares and others who no lgnger need a
£100 balance to avoid bank char£es.
CUR SKIING HOLS.............584