British households reported the strongest growth in at least a decade in their earnings from work, a survey showed on Tuesday, suggesting that consumers and their spending can keep on supporting the economy during the Brexit crisis.
IHS Markit said growth in earnings from employment this month was the strongest since it began collecting data for its Household Finance Index in 2009. That helped push up the overall index to a three-month high of 44.0.
"Households also moderated their concerns over job security, supporting a more relaxed approach to overall spending. But appetite for making major purchases, such as cars and holidays, fell sharply again," Joe Hayes, an economist at IHS Markit, said.