British households are more downbeat about the outlook for their finances than at any time since late 2013 as rising inflation squeezes their disposable income, a survey showed on Wednesday.
Official figures on Tuesday showed inflation in February jumped to its highest level in over three years at 2.3 percent, as sterling’s fall since Britain voted to leave the European Union last year pushed up the cost of imports.
Financial data company Markit said on Wednesday its monthly Household Finance Index showed Britons’ expectations for their finances over the next 12 months dropped sharply to 45.3 from 48.1, its lowest level since November 2013.
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