The demand for money in the UK is mainly influenced by how people choose to spend or save their money, rather than by changes in their preferences for holding money. The interest rates on different types of assets, like CDs, play a significant role in determining how much money people want to hold in the short and long term. Inflation also affects money demand, especially for small-scale savers who may face negative real returns on their deposits. Overall, the study shows that interest rates and inflation are key factors in understanding why people hold onto money in the UK.