• Write for Us
  • Advertise
  • About
  • Contact
Sunday, May 28, 2023
British Herald
Advertisement
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • Coffee Table Book
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion
No Result
View All Result
British Herald
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • Coffee Table Book
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion
No Result
View All Result
British Herald
Home Finance

UK households grow less confident about their finances in October – IHS Markit

Editorial Bureau by Editorial Bureau
October 22, 2018
0
UK households grow less confident about their finances in October – IHS Markit

FILE PHOTO - A couple looks at what is on offer at Sandgate Seafoods, a local fish shop in Whitby, northern England February 26, 2013. REUTERS/Dylan Martinez

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

LONDON (Reuters) – British households’ confidence in their finances worsened this month as their earnings from employment rose at the weakest rate since February, adding to growing signs of caution among consumers, a survey showed on Monday.

You might also like

Biden ‘optimistic’ of debt ceiling deal as Yellen extends deadline to 5 June

Bank of England’s Jonathan Haskel says policy should lean against sticky inflation

UK government sells £1.26bn of NatWest shares

The IHS Markit Household Finance Index, watched by the Bank of England as a gauge of consumers’ financial health, cooled to a three-month low of 45.1 from 45.7 in September, though the reading is still one of the highest since the survey’s 2009 launch.

The survey’s findings may raise eyebrows among BoE officials who expect inflation pressure to pick up over the next couple of years, driven by a gradual pick-up in wage growth.

Data firm IHS Markit said the British public’s inflation expectations for the next 12 month fell this month to the lowest in two years, while optimism about house prices was the lowest since July 2016 — just after the Brexit vote.

“UK households cast their most downbeat assessment of current finances in three months in October as weaker earnings growth from employment limited cash availability,” IHS Markit economist Joe Hayes said.

“Looking ahead, households were more concerned about their future budgets.”

Other gauges of financial sentiment among households have also soured recently.

Expectations for personal finances over the next 12 months struck a five-month low in September, according to a closely-watched report from pollsters GfK.

And the latest Thomson Reuters/Ipsos Primary Consumer Sentiment Index showed 23 percent of households expect their finances to weaken over the next year — the biggest proportion since March 2013.

IHS Markit said households’ expectations for Bank of England interest rates were barely changed compared from a month ago, with half of the households expecting another interest rate hike within the next six months.

The survey of 1,500 people was conducted between Oct. 11 and Oct. 16.

(Editing by David Milliken)

Share30Tweet19
Editorial Bureau

Editorial Bureau

Recommended For You

Biden ‘optimistic’ of debt ceiling deal as Yellen extends deadline to 5 June

May 27, 2023
Biden ‘optimistic’ of debt ceiling deal

The US will be unable to pay its obligations by June 5 unless Congress lifts the debt ceiling , the treasury secretary, Janet Yellen, said on Friday as...

Read more

Bank of England’s Jonathan Haskel says policy should lean against sticky inflation

May 26, 2023
Jonathan Haskel chose not to comment on the market expectations for BoE interest rates.

Monetary Policy Committee (MPC) member Jonathan Haskel stated on Thursday that the Bank of England needs to push back against the risk that high inflation proves unexpectedly sticky,...

Read more

UK government sells £1.26bn of NatWest shares

May 22, 2023
Last month, the government extended its plan to sell off its stake in NatWest by another two years

The UK government has sold £1.26bn of NatWest shares bank to the bank, which it bailed out in a near £46bn deal in 2008.The sale will reduce the...

Read more

Bank of England set for 12th straight interest rate hike, but the outlook remains murky

May 10, 2023
The Bank of England faces a trickier tightrope, though, with the U.K. tipped to be the worst-performing major economy

The Bank of England is expected to raise interest rates for the 12th consecutive meeting on Thursday due to high inflation. However, it seems that the summit may...

Read more

Is the Rupee Set to Replace the Dollar as an International Currency?

March 31, 2023
Indian Rupee

India has been attempting to internationalise the rupee for a long time. Currently, currencies such as the US dollar, Euro, Japanese yen, British pound, and to a lesser...

Read more
No Result
View All Result
Turkish election : Erdogan and Kemal Kilicdaroglu clash

Turkish election : Erdogan and Kemal Kilicdaroglu clash in desperate race for votes

May 27, 2023
Biden ‘optimistic’ of debt ceiling deal

Biden ‘optimistic’ of debt ceiling deal as Yellen extends deadline to 5 June

May 27, 2023
Civil service unions strikes

Civil service unions enter new pay talks with UK government

May 27, 2023

Tags

australia boris johnson brexit britain British Herald CHINA Coronavirus coronavirus cases coronavirus outbreak COVID-19 COVID-19 Vaccine daily roundup Donald Trump Dubai expo 2020 england European Union facebook France germany Hong Kong india iran israel italy japan joe biden lockdown London News new zealand north korea Rishi Sunak russia south korea spain T20 World Cup taiwan thailand trending Trump turkey UK Ukraine usa worldnews
British Herald

Top News in World: Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists.

CATEGORIES

  • Africa
  • Articles
  • Asia
  • Brand Feature
  • Business
  • Climate & Environment
  • Companies
  • Crypto
  • Culture and Lifestyle
  • Daily Roundup
  • Economics
  • ECONOMY
  • Entertainment
  • Europe
  • Fashion
  • Finance
  • Financial Markets
  • Fintech
  • Health
  • IN UK 01
  • IN UK 02
  • Investing
  • Latin America
  • Market
  • Middle East
  • Oceania
  • Opinion
  • Pharma/BioTech
  • Politics
  • Reviews
  • Science & Technology
  • Sport
  • Sustainability
  • Tech
  • Technology
  • Travel
  • UK
  • Uncategorized
  • USA
  • Videos
  • World

BROWSE BY TAGS

australia boris johnson brexit britain British Herald CHINA Coronavirus coronavirus cases coronavirus outbreak COVID-19 COVID-19 Vaccine daily roundup Donald Trump Dubai expo 2020 england European Union facebook France germany Hong Kong india iran israel italy japan joe biden lockdown London News new zealand north korea Rishi Sunak russia south korea spain T20 World Cup taiwan thailand trending Trump turkey UK Ukraine usa worldnews

Herald Media Network Limited (UK). 2023. ALL RIGHTS RESERVED.

No Result
View All Result
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • Coffee Table Book
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion

Herald Media Network Limited (UK). 2023. ALL RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?