Surge in household incomes unlikely to be sustained

Some of the continued resilience of the economy has been due to the performance of household incomes, which in real terms hasn't been as weak as we expected. Some of that is due to government payments that will probably become less supportive over the next six months. But even if the economy continues to surpass expectations, that may just mean the Bank of England has to work harder to generate the weakness needed to reduce inflation all the way to the 2% target.