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22 December

By Ahmed Mamdouh

Category: FX Graph

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Britons households’ disposable income is “historically low”

Disposable income available for saving held by Britons households is “historically low,” according to figures released by the Office for National Statistics on Friday.

The saving ratio plummeted to the lowest level in 20 years in the July-September quarter, where it has plunged for seven out of the last eight quarters.

Net borrowing edged up by 75 percent to 2.8 billion pounds quarter-on-quarter, making households as net borrowers for four consecutive quarters for the first time on records.

The data indicated that households have increased their net borrowing to maintain their spending pace.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.