London Business News | Londonlovesbusiness.com
1 month agoUK news
UK household savings: Consumers stash, rather than splash their cash - London Business News | Londonlovesbusiness.com
Excess savings in the UK since the pandemic estimated at £143-338 billion, hindering economic growth due to lower consumer spending.
UK's savings ratio at 11.1%, higher than pre-pandemic levels, attributed to cost of living pressures and weak consumer confidence. [ more ]