Markit Economics and financial information provider Ipsos Mori released its household finance index (HFI) for the U.K. on Wednesday. The household finance index increased to 44.2 in June from 42.3 in May.

The index measuring the outlook for financial well-being over the coming twelve months remained unchanged at 49.6 in June.

The current inflation perceptions index declined to 68.0 in June from 68.1% in May.

The index measuring expected living costs over the twelve months was down to 82.4 in June from 82.7% in May.

52% of respondents expects the Bank of England's monetary policy to tighten next over next 12 months.

"UK households reported a relatively subdued financial strain in June. Thanks largely to improvements across the labour market, Markit's HFI picked up from May's 22-month low," economist at Markit, Philip Leake, said.