Key facts
- UK household net cash balances continue to grow.
- After accounting for student loans, deleveraging since 2008 is reduced.
- The net cash swing has decreased from £800bn to approximately £400bn.
The net cash balances for households in the UK are showing continued growth. When the impact of student loans is factored in, the extent of deleveraging since 2008 is significantly reduced. Instead of an £800 billion net cash swing, the adjusted figure is closer to £400 billion, indicating a less pronounced deleveraging trend than initially apparent.