Brits save fifth more than in 2004

%VIRTUAL-SkimlinksPromo%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% of their incomes every month. This compares with an average of £82 a month, or 6.70% of their incomes, 10 years ago.