article_snippet: Families will enjoy the biggest boost to Families finances for more than a decade as inflation is set to tumble to zero while wages rise.
article_snippet: Bank of England also forecasts that real post-tax income is expected to rise by 3.5 per cent this year as the long squeeze on living standards comes to an end.
article_snippet: That means British households can expect British households biggest boost in spending power since 2001, experts say.
article_snippet: Last night the Treasury hailed Mr Carney’s inflation forecast as ‘good news’ for households.
article_snippet: Mr Carney, giving evidence to the House of Lords economic affairs committee, said: ‘The combination of rising wages and weak headline inflation will strengthen household finances and boost real take-home pay growth this year to the fastest rate in a decade.
article_snippet: In turn, this will support continued solid growth in consumer spending.