How has consumer financial health affected spending habits? Average disposable income dipped during the pandemic, but thanks in large part to government initiatives to protect employment, current income levels are broadly in line with pre-pandemic figures. And while those on lower incomes struggled to...
The cost of living crisis has significantly impacted UK households, which is likely to create ripple effects over the years to come. Disposable income has been reduced for many households and cutbacks have had to be made as a result. One in three (34%) of those surveyed said they had los...
But the data will be bad news for Prime Minister Rishi Sunak and the Conservatives, who made growing the economy one of theirfive key pledges. Consumer spending power has been eroded by the cost of living crisis, with high inflation and expensive energy bills eating into disposable income. Why...
Brighton residents have more spare cash than people in any other British city, according to new research. Read this and the rest of today's consumer and personal finance news below.
According to the Office for National Statistics (ONS), the Consumer Prices Index (CPI) inflation rate dropped to 1.7% in September, down from 2.2% in August. Advertisement Hide Ad This decline was largely influenced by a significant drop in petrol prices and decrease...
Consumer expenditure was the most buoyant component of aggregate demand, increasing by 5.5% in volume terms over its 1977 level. This buoyancy reflected the rapid growth in real personal disposable income which took place last ...
helen dickinson, brc's chief executive, said. official figures last week showed consumer price inflation rose to 2.3% in october, largely reflecting a surge in household energy prices. the bank of england this month cut interest rates to 4.75% from 5% but said it was likely to m...
British consumers enjoy relatively high disposable incomes and spending power. The UK consistently ranks around 25th globally in GDP per capita, putting it firmly among the world's affluent developed nations. This translates into a market with significant purchasing power for consumer goods and services...
because he thought women controlled the disposable income of many households. Simplified models such as this are dangerous, but he was right that you have to understand the consumer to understand the economy.
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