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Christmas Gloom Mounts With Warning Britons Are Scared to Spend

Summary by Bloomberg
UK households are hoarding cash rather than spending it because the shocks of the past five years have left them feeling financially insecure, a former Bank of England rate-setter warned, adding to a growing sense of gloom in the run-up to Christmas.

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Bloomberg broke the news in United States on Saturday, December 13, 2025.
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