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29th Jan 2024 19:01UK, Daily Monitor

  • The pick-up in liquid assets despite meagre net borrowing implies households chose to save more in late 2023.
  • Savings in real terms might still be below trend, but they are better distributed among households than a year ago.
  • Lower mortgage rates have triggered only a small rise in approvals to date, but they will continue to recover in Q1.

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Keywords for: 31 January 2024 UK Monitor

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