News list for " concerns lead"

Catherine Mann, a member of the Bank of England's policy committee (MPC), has warned that unemployment fears and rising bills are prompting households in the UK to build "emergency funds" and that economic growth is constrained by persistent savings rates above pre-epidemic levels. Mann said on Tuesday that growth in some sectors, such as hotels and retail, had "slowed significantly" due to "prudent consumer behaviour". "They are building emergency funds, postponing holidays and putting off big ...

2025-07-15 16:37:46