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Counting On The Consumer May Be Costly

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Counting on the consumer may be costly

In conclusion:

Combine all three of these elements and we can see that there is a reasonable case that the Bank’s hopes for consumer spending to resume its role as the engine of economic growth may well prove, to adapt a phrase, implausibly exuberant. And this argument is all the more persuasive if one also believes that fears over the pensions “crisis” may also induce some rise in people’s desire to save rather than spend.

So, if consumer spending isn't going to drive the economy, then it'll be...

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Interesting that he mentioned Unemployment in artical. If unemployment keeps rising then folk will start to worry. There is nothing like FEAR to change people's behaviour!

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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