All the factors that boosted consumer spending before the financial crisis have gone into reverse, creating the most intense squeeze on Britain’s households for three decades. Though some of the gloom will lift when inflation comes down and earnings pick up, consumers will not rediscover their old ways for many years.
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All the factors that boosted consumer spending before the financial crisis have gone into reverse, creating the most intense squeeze on Britain’s households for three decades. Though some of the gloom will lift when inflation comes down and earnings pick up, consumers will not rediscover their old ways for many years.
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