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29th Aug 2023 19:27U.K., Daily Monitor

  • Weak mortgage lending this year is reducing liquid asset growth and limiting consumer spending resources.
  • The renewed drop in mortgage approvals in July, suggests mortgage lending will remain weak in H2.
  • Households will start to rebuild their savings, but this will be more than offset by strong real income growth.

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Keywords for: 31 August 2023 UK Monitor

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