Pantheon Macroeconomics

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21st Oct 2022 15:07U.K., Weekly Monitor

  • Retail sales in September were 2.1% below their 2019 average level; don't blame the extra public holiday.
  • The support to households' incomes from government policies will rise in Q4, then fall sharply next year.
  • Incomes also will be hit in 2023 by mortgage refinancing and job cuts; expect retail sales to keep falling. 

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government mortgage refinancing remain retail retail sales September

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Keywords for: 24 Oct 2022 UK Monitor

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