Connect with us

Hi, what are you looking for?

United Kingdom

Lockdown making UK a nation of savers, says report

Lockdown has seen many homes become savers as they are spending less.

Amidst the pandemic pandemonium people have found a small fortune can be saved.

Some reckon they are £500 a month better off.


In a Money Mail survey by Consumer Intelligence, nearly four out of five families say they have more money.

And a quarter of those were saving between £200 – £500 a month.

The savings came from not doing things – holidays, commuting, coffees, sandwiches, entertaining, and eating out.

Consumer Intelligence says 16 per cent of people feel better off.

Nearly half were spending less and 38% were saving more.

Bank of England figures reveal the nation saved £16.2 billion in April.

A staggering £5 billion was paid off on credit card debt – more than double the previous record of £2.4 billion set only the month before.

In a usual month, Britons clear about £300 million off their cards.







Latest Tweets

London Globe

Calls for EU to investigate Russian payments to Maltese dentist.… #news #


You May Also Like

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...


The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

The Tremeloes. Dave Munden centre Dave Munden the Tremeloes drummer – and often lead singer – with the 60s chart toppers has died. He...

European Union

KAPIKULE, TURKEY, May 24th, 9:00 GMT]- Over 100 members of The Ahmadi Religion of Peace and Light, a persecuted religious minority, who have presented...