Squeeze on households 'to continue'

Press Association
British coins
British coins

The squeeze on cash-strapped households is set to continue this year after businesses said they plan to award average pay rises of just 1.1%.


With business employers only expecting salary increases to rise slightly from last year's 0.9% hikes, the report by ICAEW/Grant Thornton warned that "with the effects of inflation it will feel like a pay freeze for the majority of employees".