The Straits Times
Published on Nov 19, 2012

UK household finance pressures ease in November


LONDON (REUTERS) - The deterioration of Britons' personal finances slowed for the second consecutive month as fears over inflation eased in November, a survey showed on Monday.

Survey compiler Markit said that its headline Household Finance Index rose to 39.3 in November from 39.0 in October, reaching its highest level since December 2010.

However, the index remained below the 50 level that would mark no change. Around 28 per cent of respondents said their financial situation has worsened this month, while less than 7 per cent reported an improvement.

"November's survey highlights that the alleviation of strains on household finances has continued as winter approaches," said Markit economist Tim Moore.