ONS finds households’ savings ratio has dropped to lowest rate for more than a year across third quarter UK consumers saved less money during the third quarter of the year, as higher taxes squeezed disposable incomes. The households’ saving ratio – which estimates the percentage of disposable income Britons save rather than spend – dropped 0.7 percentage points to 9.5%, the Office for National Statistics said. That is the lowest rate for more than a year. Continue reading...