On Air Now

Tom Hooper

3:00pm - 6:00pm

  • 01723 336444

Now Playing

Yorkshire Coast Could Benefit from Post-COVID Spending Spree

A post COVID spending spree could benefit the Yorkshire Coast.

That's the view of Scarborough and Whitby MP Robert Goodwill who says there is latent demand stored up in peoples bank accounts after an increase in the amount households been saving over the last 12 months

Mr Goodwill thinks businesses will benefit from that.

Figures released this week show that as a nation we've been spending less but saving more since the start of the COVID pandemic.

The UK's savings ratio was 16 percent last year the highest since 1963.

Scarborough and Whitby MP, Robert Goodwill says there's a lot of cash waiting to be spent.

Love living on the Yorkshire Coast? So do we.

This is the Coast is 100% locally owned and operated. We don’t rely on public funding or government grants—we rely on our community.

Producing trusted, fact-checked local news takes time and resources. If you value having a dedicated team of professional journalists fighting for our region, please consider supporting us.

Help keep the Yorkshire Coast informed for the price of a coffee a month.

Support Local Journalism Today

More from Yorkshire Coast News

Comments

Add a comment

Log in to the club or enter your details below.

Follow Us

Get Our Apps

Our Apps are now available for iOS, Android and Smart Speakers.

  • Available on the App Store
  • Available on Google Play
  • Just ask Amazon Alexa
  • Available on Roku

Today's Weather

  • Scarborough

    Medium-level cloud

    High: 8°C | Low: 6°C

  • Filey

    Medium-level cloud

    High: 8°C | Low: 6°C

  • Whitby

    Medium-level cloud

    High: 8°C | Low: 6°C

  • Bridlington

    Medium-level cloud

    High: 8°C | Low: 6°C

  • Hornsea

    Medium-level cloud

    High: 8°C | Low: 6°C

  • Driffield

    Low-level cloud

    High: 10°C | Low: 6°C

News