Cascade Commentary

Cash holdings high as households and businesses stockpile during Covid-19

July 2020

The Bank of England has announced that UK households and businesses have continued to stockpile cash in June 2020 with a monthly average increase of £53bn in cash holdings between March and May 2020. The data indicates a slow rise in consumer borrowing with some businesses also taking on smaller amounts of debt as the country looks to get going after lockdown.

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