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1st Jan 2024 20:58UKDaily Monitor

  • The economy had no momentum last year, partly because households’ saving ratio increased sharply...
  • ...But many people have now replenished their savings; others benefited in Q4 from a jump in financial wealth.
  • A revival in mortgage lending in 2024 will lower the saving ratio, ensuring spending rises more quickly than RHDI.

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Keywords for: 3 January 2024 UK Monitor

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