Property News · January 1, 2018

After the shocks of the old year, how will 2018 shape up for the average household?


After a year in which households faced a squeeze on incomes and rises in mortgage payments, here’s what to expect nextLooking back over the year that is gone, there were few signs of relief for the average household. The knock-on effects of the Brexit referendum resulted in price rises on everyday items from butter to electronics while the Bank of England increased interest rates for the first time in a decade, leaving the banks open to increase the mortgage repayments of homeowners.While inflation is creeping up – it was 3.1% in November – wage growth has not matched the rise, resulting in a squeeze on the average household budget. Continue reading…

Source : theguardian.com
Read more…After the shocks of the old year, how will 2018 shape up for the average household?

You may also like...