Savings during WW2

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MouldyOldDough said:

What happened to personal savings in WW2 - Were they knabbed by the government to aid the "war effort" ?

Don’t forget in those dark days most British people were very patriotic and would gift their money to buy war material like Spitfires. Even the lefties socialist would chip in. 

JezR

There was the "squander bug" campaign from the middle of the war through to 1946 encouraging people to put any spare money into National Savings. The low level product was Savings Stamps, which when 15 shillings (75p) was accumulated could be turned into a Savings Certificate that would pay 20/6 (£1.025) ten years later. The interest was small by free of income tax.

Hoarding of banknotes at home was also discouraged; towards the end of the war notes over £5 were withdrawn with £5 notes being replaced.

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tebbins said:

Counting or not counting imperial subjects? I'm a bit confused since in 1945, British patriotic people gave Labour a landslide.

After WW1 the slogan was “a land fit for heroes” a country governed by the liberal Lloyd George. Well that slogan turn out to be anathema, the pragmatic British voting public were war weary and wanted a new hope for jobs, workers rights and new homes, so in 1951 they voted in Churchill.   

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JezR said:

Hoarding of banknotes at home was also discouraged; towards the end of the war notes over £5 were withdrawn with £5 notes being replaced.

The Germans were forging British bank notes see here...

https://en.wikipedia.org/wiki/Operation_Bernhard