Households in the. United Kingdom are experiencing difficult financial issues recently. In particular due to the rising costs of housing, the stagnation of wages, and reductions in social benefits this situation is unlike to improve. Additionally, inflation is high, and this is reflected in the food market as well. If inflation continues at the present level it is unlikely to improve in the near future. However, as the stock market is showing signs of trouble perhaps inflation will slow.

Key Takeaways:

• Low income households are suffering due to the inflation that is effecting the United Kingdom.
• The current British economical charts reveal similarities when compared to 2012.
• Food in the UK has shown a significant price hike, while furniture and fuel have experiences a drop in price.

“The pound’s weakness since the Brexit vote pushed consumer prices up by 3% in the last year, the joint-highest since early 2012”

Read more: https://www.theguardian.com/business/live/2017/nov/14/uk-inflation-cost-of-living-german-economy-growth-powers-ahead-business-live