Pantheon Macroeconomics

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5th Oct 2022 14:48U.K., Daily Monitor

  • Households have not materially depleted the additional savings they accumulated during the pandemic, yet.
  • In real terms, excess savings no longer look impressive, and the distribution has worsened over the last year.
  • Households likely will increasingly use savings to pay off debt, in response to the jump in mortgage rates.

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Keywords for: 6 Oct 2022 UK Monitor

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