Household saving is expected to fall by 71% on last year to an average of £26 a week as inflationary pressures drastically reduce families’ ability to put money away, figures suggest.
Households would need to earn an extra £80 a week before tax or spend £66 less to save at the same level as in the second quarter of last year, according to estimates by Scottish Friendly and the Centre for Economics and Business Research (Cebr).
