A brighter picture for household finances

£32.00

This 402-word blog post discusses the latest Bank of England statistics for household borrowing and savings in the context of the Covid-19 pandemic. The article also reports on statistics showing that businesses have taken out more loans to survive the coronavirus lockdown.

Written on 29 June 2020.

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The latest Bank of England statistics for household borrowing and savings make interesting reading in the context of the Covid-19 pandemic.

The figures show that UK households and businesses are continuing to save more money, increasing their deposits in banks and building societies during May.

Cash deposits held by households and businesses rose by £52 billion in May, after large increases in March and April.