UK consumers saving less

Savings levels plunged during the second quarter of the year as consumers focused on paying off their debts, research indicated today.

Savings levels in the UK plunged during the second quarter of the year as consumers focused on paying off their debts, research indicated today.

Britons collectively repaid £1.04bn (€1.26bn) of unsecured debt during the three months to the end of June, according to professional advice website unbiased.co.uk.