Money expert Martin Lewis has appeared on Good Morning Britain to offer advice to those questioning whether their money is safe in their bank accounts.
The British journalist and television presenter advised viewers panicking about the coronavirus crisis, against withdrawing cash to hold in their homes.
Home insurance protection on cash sums was often fairly limited, he warned. "Rules in the UK are simple," he said, in a video livestreamed from his home. "In a UK-regulated savings account...
you are protected up to £80,000 per person, per financial institution." "That is backed up by the Government." Lewis went on to explain it was unlikely the Government would let the bank go bust, as it was such a crucial institution. "Even if it did,