Households pulled a record £4.6bn in savings from banks and building societies last month as rampant inflation puts pressure on incomes.
Net withdrawals in May surged by a quarter compared to April when they totalled £3.7bn as households took out the largest amount of cash in any month since at least 1997, Bank of England data showed.
Publisher: The Telegraph
Date: 2023-06-29 07:48
Author: Melissa Lawford Hannah Boland Adam Mawardi
Reference: (Read more) Visit Source
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