The Telegraph reports that rising energy, motoring and food costs are putting the squeeze on family finances and most are around £60 a month worse off than they were a year ago. The latest Asda Income Tracker has revealed that family spending power fell by £14 a week in August 2011 – the biggest ever decline since records began in January 2007. The squeeze left the average UK family with £162 of weekly disposable income – 7.9 per cent down from this time last year.
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