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25th Sep 2023 12:21U.K., Daily Monitor

  • August's rise in retail sales volumes largely reflected the unwind of July's weather-related disruption....
  • ...But real wages now are on a sustainable recovery path; the hit from mortgage refinancing is bearable.
  • Some people might replenish savings, but ad-hoc debt repayments might also slow as mortgage rates fall.

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Keywords for: 26 September 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence