Pantheon Macroeconomics

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19th Aug 2022 08:57U.K., Daily Monitor, Weekly Monitor

Retail sales edged up in July and will benefit in August from Cost of Living grants and the NI threshold hike.

October's energy bill increase will hit real incomes by nearly 4pp; current grants will offset only half that hit...

...But the next PM likely will beef up and extend the current grants sufficiently to prevent a recession.

amazon August bill cash consumer consumers cpi electricity energy energy prices food fuel gas prices government households income index July motor fuel motor fuel prices natural gas natural gas prices non-food store sales oil pm prime day q1 q3 q4 real incomes real wages restaurants retail retail sales savings survey tax tax cut total sales unemployment wages

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Keywords for: 22 Aug 2022 UK Monitor

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