The share of income that UK household's save hit its lowest since records began in 2017, as expenditure outstripped inflation-eroded pay.
The Office for National Statistics reported that the full year household "saving ratio" was just 4.9 per cent in the year, down from 7 per cent in 2016 and the lowest readings since the series began in 1963.
Overall GDP growth for the final quarter of the year was unrevised by the ONS at 0.4 per cent.
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