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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Office for National Statistics (UK). (June 30, 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) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1223577/household-savings-value-during-covid-19-united-kingdom-uk/
Office for National Statistics (UK). "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)." Chart. June 30, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1223577/household-savings-value-during-covid-19-united-kingdom-uk/
Office for National Statistics (UK). (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). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1223577/household-savings-value-during-covid-19-united-kingdom-uk/
Office for National Statistics (UK). "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)." Statista, Statista Inc., 30 Jun 2021, https://www.statista.com/statistics/1223577/household-savings-value-during-covid-19-united-kingdom-uk/
Office for National Statistics (UK), 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) Statista, https://www.statista.com/statistics/1223577/household-savings-value-during-covid-19-united-kingdom-uk/ (last visited December 22, 2024)
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) [Graph], Office for National Statistics (UK), June 30, 2021. [Online]. Available: https://www.statista.com/statistics/1223577/household-savings-value-during-covid-19-united-kingdom-uk/
