| UPDATED: 11:26, Thu, Mar 11, 2021
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Savings rates have been analysed by Hargreaves Lansdown (HL), who examined how the savings market is performing in the run up to March. They noted savings rates have fallen, particularly fixed rates, with the average one-year rate sitting at just 0.26 percent, down from 0.97 percent in January 2020.
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Rishi Sunak reportedly told an online audience of conservative party members that he felt good about the UKs prospects post-coronavirus in late-December. Since March, millions of workers have been forced to work from home where they can and some of these people may have built up savings as their expenses reduced.