Britons are saving more of their monthly income than at any other time over the past two years, according to the latest survey from National Savings & Investments.

The British public have continued to respond to the changing economic climate with savers now putting away £85.21 a month, up from £81.94 in June.

Tim Mack, spokesman for National Savings & Investments said the new figures are encouraging, showing that Britons are finally taking steps to improve their financial future.

He explained, ‘It is encouraging news that many of us are managing to put a few more pounds away each month.

‘However, our latest savings survey showed that nearly a third of us still don’t feel confident we have enough money to get by in an emergency, and it is only by maintaining our commitment to savings that we will achieve this peace of mind.’

Take-home income has continued to decline, falling to £1,235.00 from £1,310.10 last quarter, suggesting that savings have become more of a priority. 

The number of people who say they regularly save each month has increased to 50 per cent of the population.

This is the first time for more than two years (since winter 2007/08) that half of the population say they are committed to a savings habit.