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Household Finances Under Pressure

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Household finances came under pressure on all fronts in August, according to market researchers Markit and YouGov.

Their Household Finance Index showed people were increasingly worried about losing their jobs and higher costs of living, despite the growing economy.

Some 30% of the 2,000 households polled said their finances had worsened from last month; 6% said they had improved.

And a Centre for Economics and Business Research (CEBR) study showed family spending power falling 2.5% in a year.

The CEBR survey, carried out on behalf of supermarket chain Asda and based on Office for National Statistics data, measured the amount of money that households had left to spend after paying taxes and buying basic items.

It indicated that the average UK household had discretionary income of £175 a week in July 2010, down from £180 a year earlier

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  • 418 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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