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24th Mar 2023 16:41U.K., Daily Monitor

  • Q1 retail sales are set for their first quarterly growth since Q2 2021, but this likely will come at the cost of services.
  • Real incomes will merely hold steady in Q2; fiscal support will be offset by price rises and mortgage refinancing.
  • Households will focus this year on rebuilding their savings buffer or paying off debt, instead of spending more.

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Keywords for: 28 Mar 2023 UK Monitor

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