Lowest-earning UK households' disposable income increases 4.9% in February due to higher gross income and lower inflation.
Lowest-earning UK households see first growth in disposable income since August 2021, increasing by 4.9% in February, mainly due to an increase in gross income and a slowdown in core inflation. However, their discretionary income remains negative, with take-home pay £68 short of covering essential bills and expenses. Policy changes, such as reduced national insurance contributions, pension uplifts, and increased national living wage, are expected to further boost household spending power in the coming months.
March 25, 2024
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