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1st Feb 2024 20:31UK, Weekly Monitor

  • The outlook for real household disposable income has continued to improve...
  • ...Energy prices have fallen and wage growth is moderating slowly; expect further tax cuts in the Budget.
  • We still expect the MPC to cut rates by 75bp in 2024— markets nearly agree—but the risk of fewer cuts has risen.

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Keywords for: 5 February 2024 UK Monitor

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