- The average UK household had a weekly disposable income of £194 in December, up £13 on December 2014
- Annual growth in spending power slowed to its lowest rate for 14 months – due to a slow down in wage growth and a slight increase in inflation
- Some regions told a different story – London’s spending power remained highest. The East of England experienced the biggest growth and closed its gap on London, while households in the North East saw the smallest rise
Asda’s latest Income Tracker has revealed that UK families welcomed another double-digit increase in spending power last month. As employment levels continued to rise (1.9% year-on-year), disposable income reached £194 a week, up £13 compared to the same time last year.
However, in spite of the welcome boost to wallets, this 7.2% year-on-year growth in spending power marked the lowest percentage increase since October 2014. This was due to the recent slowdown in wage growth and a slight increase in inflation.Read more