The Office for National Statistics (ONS) and the Bank of England (BoE) both released UK data on March 29 and the data doesn’t look good. Key highlights include: The households’ saving ratio fell to an annual record low of 4.9% in 2017 (since comparable records began in 1963) as growth in households’ spending exceeded the … Continue reading UK households’ saving ratio falls to the lowest ever on record as mortgage and consumer credit outstanding hits the highest ever