Asda has found that household disposable incomes fell in every UK region during the fourth quarter of 2022 compared with the same period a year earlier.
Figures from the supermarket’s Income Tracker reveal that the amount households had to spend on themselves, after paying taxes and essential bills, fell by 11.4% year-on-year to an average of £209 per week.
Households in the South East experienced the biggest drop in disposable income which fell from a weekly average of £230 in 2021 to £186 in 2022.
Meanwhile Northern Ireland saw the largest fall in percentage terms, with disposable income falling by 27.6% year-on-year to an average of £93 per week to mark a seven-year low.
