Lockdown measures have changed our lives in lots of ways over the past few months. For some, it’s meant getting used to a lower income. But for others it’s caused a large drop in the amount spent.
A lot of people have already put the extra money to good use by paying down their debts and increasing their savings.
Figures from the Bank of England show that households saved more than £30bn extra over March to April, with both months now first and second in terms of increased savings, ever. This compares to a £10bn rise in savings over January to February.
One of the keys to rebooting the economy will be to get people spending some of these savings, when shops, pubs, restaurants and the wider economy reopens.