Reuters
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Market Insight: High interest rates still weighing on UK consumers
Posted
August 15, 2024
Views
634
Likes
12
Engagement
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August 15, 2024
634
12
1.89%
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2:04
5:18Now PlayingEven though UK GDP grew 0.6% in the second quarter, output growth slowed to zero in June alone. Janet Mui from RBC Brewin Dolphin believes this reflects the pressure high interest rates are having on consumers and that this will only be lifted once the Bank of England begins to cut rates.
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