ONS data shows real household disposable income rose at annual rate of 3.7% in moment quarter of this yearPressure is mounting on the Bank of England to raise interest rates after official figures showed household disposable incomes – a key degree of living standards – rising at their fastest rate in five years.
Figures from the Office for National Statistics showed that real household disposable income,which measures spending power after inflation, tax and state benefits have been taken into account, and rose at an annual rate of 3.7% in the moment quarter of 2015.
Continue reading...
Source: theguardian.com