Inflation Continues to Eat into UK Budgets

Inflation ate further into the budgets of British households last month, according to a survey of consumers, adding to signs that households will be feeling under pressure in the run-up to the June snap election planned by Prime Minister Theresa May.

Financial data company IHS Markit said on Wednesday that its Household Finance Index fell to 42.5 in April from 43.1 in March, one of its lowest readings since mid-2014.

While households became a little less pessimistic about the outlook for their finances, they reported the biggest reduction in cash available to spend since August 2014, citing rising living costs and subdued pay growth.

Reuters

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