27 June 2023 UK Monitor Reviving Confidence Signals Fading Risk of a Consumer-led Recession
26th Jun 2023 17:34U.K., Daily Monitor
- Consumers’ confidence is recovering, even among groups set to lose most from higher mortgage rates.
- Households plan to save more, but we expect them to fund this from income growth, not by spending less.
- Consumers’ sentiment is rising, but the government’s poll rating isn’t; the mini-Budget did lasting damage.
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