Some interesting disposable income stats from Daniel Dunford of Sky.
Finances feeling tight? New figures on disposable income help explain why
By the end of the last Conservative government, people had less disposable income each month than they did at the start. This had never previously happened over the course of a parliament.
Three paragraphs I found interesting -
In the first six months of Labour's tenure, disposable income rose by £55, a larger increase than under any other government in the same period. In part, this was down to the pay rises for public sector workers that had been agreed under the previous Conservative administration...
Jeremy Hunt, Conservative chancellor from October 2022 until the July 2024 election defeat, told Sky News: "The big picture is that it was the pandemic rather than actions of a government that caused it [the fall in disposable income]...
Analysis by the Joseph Rowntree Foundation, which also takes into account housing costs, says that disposable income is projected to be £45 a month lower by September 2029 than it was when Labour took office.
By the end of the last Conservative government, people had less disposable income each month than they did at the start. This had never previously happened over the course of a parliament.
Three paragraphs I found interesting -
In the first six months of Labour's tenure, disposable income rose by £55, a larger increase than under any other government in the same period. In part, this was down to the pay rises for public sector workers that had been agreed under the previous Conservative administration...
Jeremy Hunt, Conservative chancellor from October 2022 until the July 2024 election defeat, told Sky News: "The big picture is that it was the pandemic rather than actions of a government that caused it [the fall in disposable income]...
Analysis by the Joseph Rowntree Foundation, which also takes into account housing costs, says that disposable income is projected to be £45 a month lower by September 2029 than it was when Labour took office.
4 comments:
it was the pandemic rather than actions of a government that caused it"
Liar: the pandemic - meaning the hysterical madness - was largely a creation of acts of government.
(And that's setting aside the question of how much of the blame for the creation of the new virus attaches to the governments of the USA and China.)
It seems a tad biased. Why not compare like with like? And tell us what they are comparing. Average or total over entire, increasing population, the adult population, the working population? Money left after paying essential living costs, which will be greater when the winter bills come in
Up until a first budget takes effect a new Government has no effect, except to raise or lower optimism.
dearieme - yes he is a liar, it seems to be a habit with all of them, anything but accept responsibility.
Doonhamer - I find it's a general problem, stats like this are interesting but to say much about them usually involves much more research. The main thing I take from it is how unimpressive it all is and how easily anyone could become significantly worse off. Over this government that seems likely to be millions of people, including Labour voters.
"Analysis by the Joseph Rowntree Foundation" They should have stuck to fruit gums: their political antics are reliably disgraceful.
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