U.K. family budgets decreasing rapidly

08/23/2011 | MarketingWeek (subscription required)

Family household budgets in the U.K. are contracting at a faster pace now than during the height of the recession, according to the latest survey from Market Household Finance Index. For the third straight month, families reported decreases in available cash, savings and income across all age groups, leaving a majority of consumers unlikely to make any big-ticket purchases in the near future.

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