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30.11 - 23:23
Consumers will keep saving rather than go on Christmas spree, say economists
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A much-anticipated Christmas spending spree is unlikely to materialise despite consumers having around £150bn of savings on deposit to splash on toys, food and festive parties, economists have warned.
According to a study by the Institute for Fiscal Studies, much of the savings built up during the pandemic will remain in household bank accounts until the economic outlook is more upbeat.
A survey that formed part of the analysis for the report found that when people were asked what they would do
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