The Caithness Business Index has posted the following article:

Households' Finances And Saving UK - 2020 To 2024

The UK household saving ratio peaked at 27.4% in Quarter 2 (Apr to June) 2020, mainly because of the suppression of consumption opportunities during the coronavirus (COVID-19) pandemic; Having decreased to 6.6% in Quarter 2 2022, the ratio has risen steadily to 11.1% in Quarter 1 (Jan to Mar) 2024. These increases have coincided with cost of living pressures, weak consumer confidence and slower growth in household consumption. [Read Full Article]