Fears over economic recovery after the 'pingdemic' prompted households to save further £7bn
The Bank's former chief economist, Andy Haldane, was relying on this pile of cash to boost Britain's recovery when Covid restrictions lifted Deposits are still piling up, prompting concerns that a post-pandemic rebound may have already stalled Britons saved another £7.1bn in July as the pingdemic and Covid worries prompted shoppers to hold onto their cash. Households have been squirrelling away money since the pandemic hit as lockdowns wiped out opportunities to spend. The ri
