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22nd Nov 2023 18:49UK, Weekly Monitor

  • Household disposable income will receive a 0.6pp boost from tax and benefit changes in the 2024/25 fiscal year.
  • The drag on disposable income growth from mortgage refinancing looks set to halve in 2024.
  • Many households intend to save more, but saving already is higher than normal; real spending will pick up next year.

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Keywords for: 27 November 2023 UK Monitor

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