11 April 2025 UK Monitor Cash saving rate at an all-time high fails to pass the smell test
9th Apr 2025 09:44UKDaily Monitor
- Multiplying ONS errors increasingly hint at systemic problems that could affect more data series.
- The saving rate has disconnected from its usual economic drivers, so it may have been mis-estimated.
- Household income based on unreliable official job data is particularly subject to risk of error, we think.
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