Pantheon Macroeconomics

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31st Oct 2022 13:23U.K., Daily Monitor

  • Households saved more and borrowed less than usual in September, as the economic outlook deteriorated.
  • Households will remain cautious as confidence continues to be hit by fears over mortgage payments.
  • Real consumption looks set to drop by 1.5% next year, reflecting a fall in real incomes.

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consumption economic outlook households mortgage real spending remain

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Keywords for: 1 Nov 2022 UK Monitor

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