Household savings value during COVID-19 in the UK Q1 2020-Q3 2020

Published by Statista Research Department, Mar 23, 2021
Household gross savings value in the United Kingdom (UK) spiked during the second quarter of 2020, reaching a value of approximately 98 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.

Household gross savings value during the coronavirus (COVID-19) pandemic in the United Kingdom from 1st quarter 2020 to 3rd quarter 2020 (in million British pounds)

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Source

Release date

December 2020

Region

United Kingdom

Survey time period

Q1 to Q3 2020

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