BRITS saved £16.2billion in April according to the Bank of England – more than triple the usual monthly amount despite millions of workers being on furlough.
His colleague Philip Booth added: “Many people are ‘forced savers’ at the moment. Not only are people prevented from working, those who are still earning have not been spending anything like the amount they would in normal times. Meanwhile, the government is borrowing huge amounts of money to pay people on furlough who may then have little to spend it on.”showed that the vast majority of furloughed workers surveyed - 93 per cent - said that they have saved money.
, analyst at investment platform AJ Bell, said: “Lots of people are using lockdown to reduce their spending, shore up their savings and cut their debt, in order to get their finances in better shape for the predicted recession to come.
Which Brits? I smell lies Or corruption (or both being the UK) 🤔
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