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Barclays expect pounds 1bn bank holiday.

ABOUTpounds 1bn is expected to be withdrawn from the UK's cash machines over the bank holiday weekend -- but Welsh people are not likely to be among the top spenders.

Barclays expects UK consumers to withdraw at least pounds 100m more between midnight on Friday and midnight on Monday than they did during the same weekend last year when they took out pounds 900m.

The group attributed the rise to an increase in the number of cash machines available across the country, as well as the bank holiday falling at the end of the month after people have been paid.

A pounds 1bn total withdrawal from the UK's 52, 000 ATMs will mean that money will leave people's accounts at the rate of pounds 3, 858 a second.

People in the South East of England are likely to withdraw the most cash if last year's pattern is repeated. They withdrew pounds 148. 5m over the three days in 2003.

They were followed by the Scots who withdrew pounds 140. 8m and people in London, pounds 140. 5m. People in Wales withdrew only pounds 37. 8m -- about pounds 12 a head against the UK average of about pounds 17.
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Title Annotation:Business
Publication:Daily Post (Liverpool, England)
Date:Aug 26, 2004
Words:197
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