August 18, 2023 BY Elizabeth Anderson
Reduced retail sales curbs the pound
Samuel Tomb, Chief UK Economist at Pantheon Macroeconomics noted the reduction in online sales in the first 2 weeks of August and argued that the current economic stagnation is brief and rectifiable. Tomb stated: We continue to expect households’ real disposable income to rise briskly and to be about 2.0% higher in Q4 than a…
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