UK households' mood boosted by easing inflation squeeze - IHS Markit [Reuters (UK)]
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Source: Reuters
UK households' mood boosted by easing inflation squeeze - IHS Markit | Reuters 2 Min Read LONDON (Reuters) - British households grew more positive about their finances this month as they faced less of a squeeze from inflation and benefited from higher pay - though most will be in for a shock if the Bank of England raises interest rates next month. Financial data company IHS Markit said its monthly Household Finance Index rose in July to its second-highest level since December 2016 at 44.6, up one point since June and above its long-run average. “July data indicated light at the end of the tunnel for UK household budgets,” said Sam Teague, an economist at IHS Markit. Britain’s economy has picked up since a weak start to the year, when growth was hit by bad weather as well as high inflation sparked by 2016’s Brexit vote. But last week the International Monetary Fund forecast that full-year growth would still be the lowest since 2012. Nonetheless, most economists polled by Reuters think
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