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Britons turn less gloomy about finances in 2014: Survey

Published on Dec 16, 2013 8:49 AM

LONDON (REUTERS) - British households are less worried about the outlook for their finances next year as a recovering economy raises the prospect of more pay, a survey showed on Monday, Dec 16, 2013.

Expectations for household finances over the year ahead remained gloomy, but the degree of negative sentiment was its lowest in nearly four years, according to the survey by financial information firm Markit.

Living standards have turned into a major political issue in Britain where consumer price inflation has outpaced wage growth.

The overall Markit Household Finance Index, which measures households' overall perceptions of financial well-being, rose slightly to 39.7 in December after a plunge in November to its lowest level in seven months.

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