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United Kingdom · Question · Written question

UIN 71034

Personal Savings

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

8 July 2020

Last action

13 July 2020 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

13 July 2020

Summary

To ask the Chancellor of the Exchequer, what estimate his Department has made of the average level of savings accumulated by households in the UK.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 8 July 2020

    Written question

    To ask the Chancellor of the Exchequer, what estimate his Department has made of the average level of savings accumulated by households in the UK.

    Source: Commons

  2. 13 July 2020

    Answer

    The Office for National Statistics (ONS) publish data on the ratio of household saving to total available household resources. The latest data indicate that the household saving ratio was 8.6% in Q1 2020, compared to 6.6% in Q4 2019. The Bank of England p...

    Source: Written answer

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