Brexit effect: Household financial conditions deteriorate fastest in 3 years

An IHS Markit survey results released today showed the British households’ financial conditions deteriorated at the fastest rate in three years in July as inflation continues to rise faster than wages.

Key quotes by Tim Moore, Senior Economist at IHS Markit

There are signs that squeezed household budgets and worries about earnings have started to spill over the consumer spending patterns

July’s survey highlights that the recent moderation in inflationary pressures has yet to provide much relief