Britons saving more

Figures show higher savings ratio

The Office for National Statistics (ONS) has published figures that show households are saving the biggest proportion of their incomes for six years.

The saving ratio, which measures how much Britons are putting aside from their earnings, rose to 5.6 per cent in the second quarter of the year which is the highest level since 2003, and well above the 1.7 per cent level of last year.