Pantheon Macroeconomics
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22nd Jul 2022 15:30U.K., Daily Monitor
Retail sales fell by 1.2% quarter-on-quarter in Q2, as households reduced big-ticket discretionary purchases.
Real household disposable income looks set to rise in Q3, thanks to government support measures.
But even if Ms. Truss pushes through her tax cuts, incomes will drop back in the winter, impeding sales.
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