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Mar 27: Household savings grow as economy shrinks

The household savings rate jumped in the final three months of 2008, in spite of a sharp rise in real incomes. This is a sign of the growing strains facing consumers amid job losses and fears for the future. Daniel Pimlott, FT economics reporter, talks to Daniel Garrahan about how rising savings could limit the effectiveness of the Bank of England's quantitative easing scheme. Produced by Shyamantha Asokan (DT). Filmed by Darryl Thomson.