Disposable incomes in London lead UK despite financial crash

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It Wise whatsapp Wednesday 27 May 2015 8:39 pm Disposable incomes in London lead UK despite financial crash Tags: employment and wages UK jobs whatsapp London’s disposable incomes are highest at £22,516 on average Disposable incomes in London pulled further ahead of those in the rest of the country over the past 15 years, official figures showed yesterday, despite the capital being the epicentre of the financial crisis. Spending power across the UK has grown enormously since 1997, with the average annual post-tax and benefit income rising from £10,030 to £17,559 in 2013 – after accounting for rising prices. London’s disposable incomes are highest at £22,516 on average, up from £12,228 in 1997, growth which shows the capital’s earners increasing their lead over the rest of the country. Those incomes did decline in 2010 and 2011, while the average level kept rising across the country. But despite that fall, Londoners’ incomes rose more over the whole period. Such earnings growth also shows that despite the squeeze on living standards since the crash, the sustained rise in living standards has continued apace. Read more: This is how your spending power breaks down by region The rest of the south east has the next highest incomes, at a post-tax and benefits average of £19,898 per year, similarly up from £11,670 in 1997. Incomes were lowest in Northern Ireland in 2013 at £14,347, up from £8,157 in 1997. The Office for National Statistics also shows enormous variation in incomes within London. At the top end, Westminster leads the table with average disposable incomes of £43,577. The borough is closely followed by Kensington and Chelsea, and Hammersmith and Fulham with an average of £42,116. Those are almost three times as high as the lowest-paid boroughs. Barking and Dagenham along with Havering are bottom of the pile with average disposable incomes of £16,801 in 2013. Bexley and Greenwich are next with £16,911, followed by Redbridge and Waltham Forest at £16,929. [custom id=”21″]  center_img Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Express KCS Sharelast_img read more