Pantheon Macroeconomics

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29th Nov 2022 14:59U.K., Daily Monitor

Households are saving more than usual, taking on less credit, and increasing ad-hoc mortgage repayments.

Firms also are choosing to delever; October’s net repayment of external finance was the second largest ever.

House purchase mortgage approvals fell sharply in October; we expect them to fall further this winter.

finance house purchase mortgage mortgage approvals

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Keywords for: 30 Nov 2022 UK Monitor

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