UK households have not stopped saving to go on a debt-fuelled consumer spending spree, according to research from Royal London, despite official figures revealing the savings ratio is at a record-low.
The insurer's paper ‘Has Britain really stopped saving?' casts doubt on the meaning of the data supplied by the Office for National Statistics (ONS) earlier this year, and cautioned against policymakers...
Penalty payments and enforcement policy
Fees as low as 0.04%
Only 9,486 applied for the benefit in 12 months
Women and young people adversely affected
UK can be world’s entrepreneurial capital