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U.K. Household Deposits Surge by Record as Shoppers Stay Home

U.K. Domestic Space Re-tooled By Rising Work-From-Home Edicts
Photographer: Chris Ratcliffe/Bloomberg

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U.K. households continued to amass savings and pay down debt in May as stores remained closed for a second month in an effort to the stop the spread of coronavirus.

The build-up of money in bank accounts reflects both the reduced opportunities to spend and the fact that the wages of millions of furloughed workers are being paid by the government.