Britons 'saving more than ever before'

Savers are putting away the biggest amount since the quarterly survey began in 2004. Credit: Lynne Cameron/PA Wire/Press Association Images

Britons are saving more than ever before, according to new findings.

Treasury-backed savings body NS&I found that savers are putting 8% or £104 of their income aside each month - the first time the sum has broken the £100 barrier.

People aged 25 to 34 are putting aside just over 9% of their incomes each month - or £125 - the highest average figure recorded for this group since 2010.

John Prout, NS&I retail customer director, said: "The research suggests that most age groups in Britain are saving more and this corresponds with an increased use of savings goals from last summer, which can only be an encouraging sign for the future."