Economics
U.K. Households Confront Virus Shock With Higher Savings Margin
- Figures show households ended 2019 in reasonable shape
- Real income climbs, households save more of their earnings
This article is for subscribers only.
U.K. households ended 2019 in reasonable financial health, a picture that is almost certain to change dramatically as the coronavius shutdown wreaks havoc on the British economy.
Real disposable income rose 1.7% in the fourth quarter, the biggest increase since 2017, the Office for National Statistics said Tuesday. The saving ratio meanwhile jumped to 6.2%, meaning households saved a bigger proportion of their income than at any time for a year.