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)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 03, 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 03, 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 03, 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 03, 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/
