Hargreaves Lansdown Sarah Coles Britain Coronavirus show covid-19 record restrictions Hargreaves Lansdown Sarah Coles Britain

Families £868 a month better off thanks to lockdown restrictions

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www.mirror.co.uk

During lockdown British families have set records for the amount of debt they've repaid and money saved, the Bank of England has said.

On average, that has seen British households boost their finances by £868 a month over March, April and May. The biggest month for debt repayment was April - with £7.4billion repaid overall, working out at £266 a household.

When it comes to savings, May saw records set for deposits at with an astonishing £24.6billion added to savings accounts, that's £921 a household.

Sarah Coles, personal finance analyst, Hargreaves Lansdown: "If you ever wondered what it would take to turn us into a nation of enthusiastic savers, you have your answer. "It’s not the kind of lifestyle change anyone would propose for the long

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