Asda finds disposable income has fallen in every UK region
New figures from Asda’s Income Tracker have shown that household disposable incomes fell in every UK region in the first quarter of 2023.
Across the UK as a whole, families’ income left after paying taxes and essential bills, fell by 9.2% during in the period to an average of £213 per week, compared to £236 per week in the first quarter of 2022,
Households in the south east experienced the biggest fall in disposable incomes in absolute terms with a drop of of £41 per week, which equates to 18% year-on-year, to a weekly average of £186.
Northern Ireland recorded the largest year-on-year percentage drop of any region with a fall of 21.2%, while Wales saw a decline of 11.6%.
In response to the cost of living crisis, the supermarket has locked the price of over 500 family-favourite branded and own-label lines and is also offering customers the chance to earn cash which can be spent in store by signing up to its new Asda Rewards loyalty programme.