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Britons prefer a bird in the hand: soaring sales of safes

October 9 2008
17:36

The UK registered a boom of sales of safes that people prefer to banks in the current situation in the world market.

Many manufacturers of safes have reported a significant increase in demand for its products, especially after several British banks on the brink of bankruptcy, and people hurriedly rushed to withdraw their savings from them.

"It's simple: if you trust in banks falls, people buy and install approved by the European Union and the insurance companies safe to turn on their contents insurance," - explained the managing director of Leigh Safes Russ Reeder.

"Over the past four weeks we have seen an increase of sales by 25%, especially demand high security safes that insurance companies approve for storing large amounts of money" - he added.

The company Gunnebo, one of the largest manufacturers of safes in September also recorded a growth in demand for its products at 15%.

Some companies predict that the continued instability in financial markets will spur a demand for safes in the coming months.

"After a month or two I expect a dramatic increase in sales home safe," - says Anthony Niari, co-owner of online store Safe Shop.

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