Disposable incomes at nine-year low

Press Association
empty pocket
empty pocket

Real disposable incomes dropped to their lowest levels in nine years in the first quarter of this year as families were squeezed by high prices and sluggish wage growth, official figures have shown.

Taking inflation into account, take home income dropped by 1% on the quarter to reach £273 a week, the lowest level since 2003, said an Office for National Statistics (ONS) study.