Families are £13 a week worse off than they were a year ago, as deteriorating employment conditions and high inflation continue to erode their spending power, according to a report.
UK families typically had £164 a week left of income in October after paying regular bills such as food, clothing and housing costs, 7.1% less than a year ago.
Charles Davis, managing economist of the Centre for Economics and Business Research compiles the report, said: "Worsening employment conditions, alongside the persistently elevated rate of inflation, are continuing to erode household real incomes and family spending power." He warned: "UK households will remain under pressure for some time."
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