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  • Strong ISA savings were likely front-running the Budget rather than signalling weak spending.
  • Credit flows to businesses and households rose strongly in November, conveying confidence.
  • Mortgage approvals ticked down only slightly, and buyer interest should pick up in 2026.

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Keywords for: 6 January 2026 UK Monitor

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