This makes it an interesting contrast with the UK median household disposable income3of £32,300 as of the end of 2022, according to the most recentONS data. As for the median retired household income, that’s £26,300. Not much more than the Minimum spending level for couples in the...
As a result of these factors, UK households experienced their biggest fall in living standards in decades in 2022/23, with household disposable income also expected to fall in 2023/24, and 2024/25. Read more Inflation rate for the Consumer Price Index (CPI) in the United Kingdom from ...
Pantheon Macroeconomics says the real disposable income of UK households now looks set to fall this year by around 2%, making for the largest fall since World War Two. "This will slow the recovery in real consumption to a near-halt," says Tombs. Pantheon Macroecono...
The country has a strong economy and a high level of disposable income, which has contributed to increased consumer spending and a willingness to invest in online platforms. Furthermore, the COVID-19 pandemic has accelerated the shift towards digital channels, as consumers have turned to online ...
Note:Theshadeswithinthefanchartrepresenta10percentchancethatGDPwillliewithintheboundaryofthatshade.Thereisa20percentchancethatGDPwilllieoutsidetheshadedareaofthefan. Source:NiGEMdatabase,NIESRforecastandNiGEMstochasticsimulations. Note:Theshadeswithinthefanchartrepresenta10percentchancethatGDPgrowthwillliewithinthe...
Grocery markets' performance is sensitive to the level of household disposable income, health consciousness, environmental awareness and competition from other grocery retailers like supermarkets. Health consciousness and environmental awareness are ever-growing, with individuals more concerned about the provenan...
Supply chain including upstream supplying industries and downstream buying industries, flow chart Detailed analysis Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity. Key success factors for businesses to manage the co...
Taxes from alcohol sales raise about £12bn a year. They're currently taxed depending on alcohol type, whether it is still or sparkling, and how strong it is. The chart below shows the current system where beer, cider, or still wine could be considered a tax-efficient way to drink...
To estimate the number of persons living in households with net disposable income below £253/week, I use data from the Department of Work and Pensions on UK income distribution (DWP (Department for Work and Pensions), 2022), reproduced in Fig. 3. This gives the numbers of persons living...
This recovery is however short-lived and does not result in such high rates of house price increase as previous house price booms (Chart 1). Cuts in interest rates following entry to the exchange rate mechanism of the EMS prompt a recovery in house prices from the middle of 1991. House ...