UK families suffer budgetary squeeze

April 24th, 2012

FAKE NEWS for the Zionist agenda

According to the Markit Household Finance Index (HFI), worries of inflation and lower pay have led to the steepest fall in household finances in the last three months from 37.8 in March to 37.0 in April.

The survey revealed that 33 percent of British families reported worsening household finances, compared with just 7 percent that saw an improvement.

Scotland and the South East saw the least falls in household finances, while the sharpest drop was across the South West and Wales.

The survey also found that 47 percent of households expect deterioration in their finances in the future, compared to 25 percent that anticipate an improvement.

“UK households faced an even greater uphill challenge to maintain their living standards in April as squeezed disposable incomes meant finances deteriorated at the fastest pace for three months,” said Tim Moore, senior economist at Markit.

“Worsening household finances during April are especially disappointing as it follows some signs that the consumer gloom had started to lift in the first quarter of the year.”

Meanwhile, a Lloyds TSB survey found that Britons have suffered the biggest fall in their spending power in over a year, with the average family being £113 worse off than a year ago.

SSM/MFB/HE