Pantheon Macroeconomics

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31st Jan 2023 16:18U.K., Daily Monitor

  • December's money and credit data show that households are continuing to hoard cash and borrow frugally.
  • This mindset won't change soon, given low confidence and the mortgage refinancing hit that looms for many.
  • The slump in mortgage approvals in Q4 points to weakness in residential investment and retail sales this year.

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Keywords for: 1 Feb 2023 UK Monitor

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