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30th Jun 2023 09:29U.K., Weekly Monitor

  • Real incomes have stabilised, supported by fiscal policy, a tight job market and rising net interest income.
  • Real wages will be boosted by a fall in energy prices in Q3; the rollover in net interest income will be gradual.
  • People will save more, but capital repayments of mort- gages likely will hold steady; real expenditure will rise.

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Keywords for: 3 July 2023 UK Monitor

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