UK savers miss out on £38bn of income as cash piles soar

Janus Henderson Investment Trusts research

Anna Fedorova
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Cash savings rise to record high
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Cash savings rise to record high

Research from Janus Henderson Investment Trusts has found that savers are holding record amounts of money in cash as a result of pandemic-induced fears, which has collectively cost UK households some £38bn in missed income over the last year.

The research has found that UK households have put away £77bn in cash over the first six months of the year, taking the total cash pile to a record £1.5trn - equal to the UK's collective residential mortgage...

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