The squeeze on British households’ financial situation eased this month as slowing inflation and greater job security improved conditions from a three-year low recorded in July, a consumer survey showed on Monday.IHS Markit said its monthly Household Finance Index rose to 43.5 from a three-year low of 41.6 seen in July. Both figures are well above the survey’s average reading of 40.4 since it began during the depths of the financial crisis in 2009, but are below the 50 mark that would indicate households felt richer.”UK households continued to face a sharp budget squeeze in August, driven by sustained inflation and weak pay growth,” said IHS Markit economist Sam Teague, adding that unsecured borrowing was rising as households tried to bridge a budget gap.
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