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1st Nov 2021 19:02U.K., Economic Monitor

  • Households continued in September to save more and borrow less than they did before Covid.
  • The recovery in spending will continue only if households save less in response to falling real incomes...
  • Households did this in 2016, but are less confident now, despite having a larger precautionary buffer.

bank bank rate banks borrowing business investment businesses capex cash confidence consumer consumer credit corporations credit debt deposits finance financial crisis gdp gdp growth growth households inflation investment it measures mortgage real incomes remain savings spending stock supply supply chain survey

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