As we bid farewell to 2020, with its gains for those who could keep working, and losses for those who were furloughed or put out of work, what could 2021 hold?
The past year was a strange one for household finances: while savings rates plummeted to new lows, and many people saw their incomes slide, those who could keep working often stashed away large amounts of cash.
House prices rose and borrowers with big deposits were able to get very cheap mortgages, but lenders’ caution saw 95% home loans pulled and new restrictions on 90% deals.
