Household savings value during COVID-19 in the UK Q1 2020-Q1 2021

Published by Statista Research Department, Feb 21, 2022
Household gross savings value in the United Kingdom (UK) spiked during the second quarter of 2020, reaching a value of approximately 92 billion British pounds. By contrast, during the first quarter of 2020, gross savings amounted to 35 billion British pounds. This unprecedented increase was due to the coronavirus (COVID-19) outbreak and the resulting widespread lockdown and temporary business closures. A similar increase in savings can be seen during the second genralized lockdown in the first quarter of 2021.

Household gross savings value during the coronavirus (COVID-19) pandemic in the United Kingdom from 1st quarter 2020 to 1st quarter 2021 (in million British pounds)

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Release date

June 2021

Region

United Kingdom

Survey time period

Q1 to Q1 2021

Supplementary notes

Seasonally adjusted data.

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