Spending power flat, report finds

AOL Money Staff
Empty pocket
Empty pocket

People are no better off financially than they were a year ago and their ability to spend on the high street is likely to remain "subdued" in the coming months, a study has found.

After inflation, people's spending power showed no growth at all in July compared with the same time last year, meaning consumers had no extra money to spend on discretionary items last month, Lloyds TSB found.