Britons saving 20pc more than in 2004

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Britons are saving one fifth more than they were a decade ago by putting an average of 
£98 a month aside for a rainy day.

Despite sluggish wage growth and the squeeze on household finances, research by Treasury-backed savings provider NS&I found people are saving the equivalent of 7.76 per cent of their incomes every month.

This compares with an average of £82 a month, or 6.70 per 
cent of their incomes, 10 years ago.