If you’re sitting on a property and wondering whether to contact a company that will help you arrange a quick sale of house
, you may be interested to hear that households are more than £500 a year worse off, according to new figures.
The Bank of England has published a survey which has revealed the income available to households has fallen for the fifth year in a row, with people saying they have £46 less a month.
The study concludes that 2011 was a “challenging” year and that the economic recovery appears “to have slowed”.
Around half of the households questioned said they would spend less in response to financial pressures, while 16 per cent revealed they would work longer hours or take a second job.
Almost half of households said they had been affected in the past year by cuts brought in by the government, through lower incomes and higher taxes, while just over two-thirds expect to be affected next year.
December 19, 2011 at 10:03 am | Uncategorized |
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