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Analysis reveals the thousands in savings of working from home... and there could be a £2bn post-lockdown spending spree

Saving money on eating out and petrol could result in consumer spending worth £2bn


After almost a year marked by stay-at-home orders, Northern Ireland workers are counting some unexpected financial benefits arising out of working from home.

It could mean £2bn in savings has been accumulated in bank accounts here as a result of funds that have been foregone on eating out and petrol costs as well as holidays, according to Bank of England estimates that suggest £10bn in UK savings.

Neil Gibson, who is chief economist with EY Ireland, said businesses will be able to compete for funds as we exit lockdown.

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