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High Street Shops Suffer from Families Cutting Back
07/06/2011
It was recently reported in the national press that retailers are likely to suffer from a drop in consumer spending. This decrease has resulted from the increase inflation and pay freezes which have collectively made households worse off.
The situation is likely to be made worse once the Bank of Englad responds to the high inflation rates by increasing interest rates.
It is unlikely that spending will return to its pre-recession peak until at least 2013 with growth in spending ‘subdued for a further seven years’ as households pay off their debts.
Homeowners aged over 55 years who are struggling to make ends meet and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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