Inflation & Prices
BOE No Longer Expects UK Living Standards to Fall This Year
- Real incomes forecast to hold up amid extended energy support
- Central bank says outlook has improved since early February
This article is for subscribers only.
UK living standards will remain flat this year, according to the Bank of England, rather than sliding as previously expected.
In a relief for cash-strapped households, the central bank said lower inflation and increased government help with energy bills announced in last week’s budget could help support real disposable incomes.