Money in our pockets rises at fastest rate since 2009
The Markit household finance index rose to 45.8 in April from 45.5 in March, the highest level since the survey started in February 2009. The squeeze on UK household finances eased to a six-year low in April, as a combination of zero inflation and strong employment growth put more money in people's pockets. However, a reading below the 50 mark from the survey of 2,000 households indicates that consumers still feel squeezed. A separate pay barometer published by Markit showed that expectations for wage increases in the coming year remain subdued. The average expected pay increase among employees was 1%. Only one in five employees expected their pay to rise by 2% or more in 2015.
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