SpendingPower News & Analysis

PwC Report: 12.5M UK Households See No Economic Growth Benefits

A PwC report indicates that 12.5 million UK households, or 46%, live in regions where economic growth does not translate into improved living standards. Spending power in the north east of England is 6.6% below the national average, equating to £1,542 less annually. The north west and Yorkshire and the Humber also reported significant shortfalls of £1,493 and £1,917, respectively. Conversely, households in the South East enjoy spending power 9% above the national average, translating to an additional £2,154 a year. This matters for markets as it highlights regional disparities in economic benefits, potentially influencing government spending and policy decisions.