Inflation Concerns in UK Rises
December, 14 2016
The tension in British households has lessen since May 2015, as most focus on increase in inflation next year. Moreover, it is predicted by economists that the overall growth will slow down because of the depreciation of sterling that also affected the disposable income.
Inflation raises concern among households with steady pay and uncertainty brought by Brexit. The household expectations has dropped to its lowest rate since three years ago contrast to inflation expectation which has been the highest since August 2014. The market already see the minimal chance for interest rate cut since Brexit.
