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Britain’s Top Earners Are Finally Ready to Splurge, GfK Says

The UK’s richest are set to unleash their savings to splash on luxury goods, cars or tech, a report showed, in signs that lower interest rates are boosting demand.



A GfK survey indicates that higher-income households in Britain (£50,000+) are planning to increase spending on major purchases, reaching a high not seen since November. This is attributed to the impact of lower interest rates on savings, while overall consumer confidence and purchase intentions remain relatively flat.

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