UK Q1 household saving ratio 11.1%/GDP (Il Sole 24 Ore Radiocor) - London, 28 Jun - The ONS added that the UK's household saving ratio is estimated to have increased to 11.1% in the first quarter from 10.2% in the previous quarter.

The increase in the saving ratio was driven by a rise in compensation of employees of 4.3 billion pounds and the adjustment for pension entitlements of 3.7 billion, it added.

Real households' disposable income (RHDI) is estimated to have grown by 0.7%, maintaining the same growth as in the fourth quarter of 2023.

Within RHDI, nominal gross disposable income saw growth at 1.1%.

The UK's borrowing position with the rest of the world as a percentage of GDP is estimated to have increased to 3.4% in the first quarter from 3.3% in the fourth quarter.

Financial corporations decreased their net lending position to 0.4% of GDP from 2.0% of GDP in the previous quarter.

Non-financial corporations decreased their net borrowing to 1.1% of GDP from 2.7%.

Households increased their net lending position to 4.1% of GDP, up from 2.9% of GDP in the fourth quarter.

General government saw an increase in their net borrowing position to 5.9% of GDP in the first quarter of 2024, from 4.6% of GDP in the previous quarter.

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(RADIOCOR) 28-06-24 08:33:34 (0155) 5 NNNN