Almost a third of families have savings which would last just five days if they were faced with a financial emergency, research has found.
Of those surveyed, 31 per cent had less than £250 put aside as a safety net, three per cent higher than in a similar study from last year, HSBC said.
For the average family, monthly outgoings are £1,669 - just under £55 a day - which would see savings of £250 savings run out five days.
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Stamp duty is to be abolished for first-time buyers on properties up to £300,000, Chancellor Philip Hammond has announced in his Budget.
Chancellor Philip Hammond has delivered his Budget which he believes will help build "a Britain fit for the future".
Stamp duty for all first-time buyer purchases up to £300,000 is to be abolished immediately, Philip Hammond has announced in his Budget.