Household Spending Power Still Declining

The rate of inflation may be increasing the price of the most important products and goods that each UK household consumes but this may be easing up in the past few months. However, low income growth will definitely affect the consumers all over the country, until such time that the country’ economy can rise up and grow once more, according to the report from Lloyds TSB Spending Power. There was a recorded 0.3 percent decrease in spending power after reports on inflation. This means that households have £34 less to use as payment for the goods and products that they need during the month of May in 2012, compared to data back in 2011.