International
Job security hits new lows

The future does not look much better. The index measuring the outlook for future finances shows an even steeper deterioration - almost 47% of UK households anticipate a deterioration in their household finances. The future does not look much better. The index measuring the outlook for future finances shows an even steeper deterioration - almost 47% of UK households anticipate a deterioration in their household finances.

British household pessimism over public sector job security and pay expectations hit record lows in July, while house price perceptions dropped for the first time since August 2009, new figures show.

“Households’ pessimism about their future finances has returned to levels not seen since the economy was in freefall towards the beginning of 2009. Job security and pay expectations suffered in July amid concern over the wider economic outlook,” said Tim Moore, economist at Markit.

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