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Topic review - Squeezed UK households tap into savings at record pace
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Lex
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Posted: Sat Jul 01, 2023 4:33 pm
I'm fortunate to be able to absorb the recent price rises thanks to a promotion at work last year; I've even been able to save a bit extra each month.
I'm fortunate to be able to absorb the recent price rises thanks to a promotion at work last year; I've even been able to save a bit extra each month.
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rebbonk
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Posted: Thu Jun 29, 2023 2:27 pm
Squeezed UK households tap into savings at record pace
Quote: Squeezed UK households tap into savings at record pace- UK households withdraw record 3.8 billion pounds from savings
- Consumer credit lending slows in May
- Drawdown of savings likely reflects cost of living
- Interest rates likely to rise further
Source: Reuters
[quote][b][size=167]Squeezed UK households tap into savings at record pace[/size][/b]
[list] [*] UK households withdraw record 3.8 billion pounds from savings [*] Consumer credit lending slows in May [*] Drawdown of savings likely reflects cost of living [*] Interest rates likely to rise further[/list]
[/quote]
Source: [url=https://www.reuters.com/markets/europe/uk-mortgage-approvals-tick-higher-may-bank-england-2023-06-29/]Reuters[/url]
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