Overview

• Households deposited £11.7bn into ISAs in April, the highest on record since 1999.
• Overall household savings grew by £8.4bn, the largest increase since September 2022.
• Mortgage approvals remained steady at 61,100, with a slight dip from March's figures.
• Consumer credit borrowing decreased significantly, indicating cautious spending behavior.
• Analysts predict a potential boost in consumer spending later in the year due to pent-up savings.