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SOBER

Acronym to describe the financial characteristics of Britain’s next decade: Savings, Orderly Budgets, Equitable Rebalancing.

The Governor of the Bank of England has warned that Britons face a decade of saving more and spending less, Philip Aldrick reported in The Telegraph:
"Alluding to the “Non-Inflationary Consistently Expansionary” [NICE] decade just passed and coining a new acronym to describe the years ahead, he warned: “The next decade will not be nice. History suggests that after a financial crisis the hangover lasts for a while. So the next decade is likely to be a ‘SOBER’ decade – a decade of savings, orderly budgets, and equitable rebalancing… A sober decade may not be fun but it is necessary for our economic health.”

Source: Schott's Vocab


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