Tag Archives: savings

Cautious Britons are saving at a record rate, as the stark reality of economic contraction begins to crystallize in the public consciousness. Deposits held by households jumped a record £25.6 billion in May, adding to a significant savings stockpile accrued in the preceding months, latest Bank of England data has revealed.  Concomitantly, mortgage approvals declinedContinue reading “Saving Soars as Spending Slumps”