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31st Mar 2023 15:19U.K., Daily Monitor

  • Households’ real incomes leapt in Q4 but spending barely rose, because only the well-off benefited.
  • Low-income households gained little from the reversal of the NI hike and were hit hard by rising essentials prices.
  • RHDI will rebound from Q2, but savings rebuilding and less mortgage lending and will slow spending growth.

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Keywords for: 4 Apr 2023 UK Monitor

households, income, mortgage, mortgage lending, q4, real incomes, savings, uk, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence