The data from Q1 2015 is out and it makes for interesting reading, with the domestic sector moving strongly into net borrowing territory: On the five sector chart you can see that all the domestic sectors are in net borrowing territory now. I can't see in the data when that has ever happened before. The UK truly is the purveyor of the finest financial savings to the globe. So lots more money was spent by the domestic sectors in Q1 than was saved. Will all that borrowing bear fruit in future quarters?
Source: Office of National Statistics, tables RPYH, RQAJ, RQBN, RQBV, RPYN, RPZT, RQCH, DJDS (Seasonally adjusted Net Lending/Borrowing per sector plus residual error) and YBHA (Gross domestic product at market prices, seasonally adjusted). Data and calculations are available online