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31st May 2022 22:00U.K., Daily Monitor

Households still were unwilling to use their excess savings in April, despite the sharp drop in real incomes.

With excess savings equal to £186B and consumer credit £23B below its peak, consumers still can spend.

But low confidence, the unequal distribution of savings and falling incomes suggests expenditure will dip in Q2.

business investment buyer demand consumer credit cpi cpi inflation credit credit conditions deposits energy energy prices government interest rates June March May mortgage mortgage approvals mortgage rates mortgages q3 real incomes real spending savings

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Keywords for: Real Spending Looks Set to Drop as Households Continue to Save More

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