UK politics
fromwww.theguardian.com
4 weeks agoUK consumers saving less as taxes squeeze incomes, data shows
UK household saving ratio fell to 9.5% in Q3 as higher taxes reduced real disposable income and economic growth slowed.
The UK economy slowed sharply in the second quarter of 2025, with official figures confirming growth of just 0.3% between April and June, a marked deceleration from the 0.7% expansion in the first quarter. Data from the Office for National Statistics (ONS) showed that while the latest quarterly figure was unrevised, revisions to earlier estimates suggest growth in much of 2024 was stronger than first thought, even as momentum weakened heading into this year.