“So far this year, despite pressures on the cost of living, consumer demand appears to have defied gravity!” Not from the BOE statement today but from Next. Alongside a very good trading update their statement was full of important snippets on the economy. They are finding it easier to recruit, the softening labour market may dampen growth in consumer demand and cost of good price inflation is easing. Defying gravity for now then but possibly some early warning signs for next year. Next year th…
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