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Times poll shows voters cutting back on spending and borrowing
The economy's "feel good" factor is fading well
before a possible general election next year as consumers cut
back on spending and borrowing after the recent interest rates
rises.
A Populus poll for The Times, coupled with a closely watched
retail survey yesterday, provide the clearest evidence so far
that the booms in the high street and house prices have ended.
The timing is crucial as the Bank of England's Monetary Policy
Committee (MPC) prepares for its latest interest rate decision
on Thursday. City analysts are convinced that the Bank will heed
calls to hold rates this month while it monitors the impact of
increased borrowing costs.
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