Although real earnings are still being squeezed hard, one positive factor for households is that the pace of the Government's fiscal tightening is easing a bit ahead of 2015's general election. But austerity is still exerting some drag on consumer spending and it is due to re-intensify further ahead.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.