Based on the government's forecast from November 2023, the real household disposable income per capita in the United Kingdom fell by 2.2 percent in the 2022/23 fiscal year, the biggest fall in living standards since 1956 when this type of data was first produced. Living standards are also expected to fall in 2023/24, and 2024/25, before starting to rise in 2025/26.
Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2028/29
Characteristic
Annual change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Office for Budget Responsibility. (November 15, 2023). Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2028/29 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/
Office for Budget Responsibility. "Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2028/29." Chart. November 15, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/
Office for Budget Responsibility. (2023). Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2028/29. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/
Office for Budget Responsibility. "Forecast of Annual Change in Real Household Disposable Income per Person in The United Kingdom from 1956/57 to 2028/29." Statista, Statista Inc., 15 Nov 2023, https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/
Office for Budget Responsibility, Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2028/29 Statista, https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/ (last visited July 22, 2024)
Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2028/29 [Graph], Office for Budget Responsibility, November 15, 2023. [Online]. Available: https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/