99 Days
Source:
The Guardian
UK living standards decline amid G7 growth
UK living standards declined in the first quarter of 2026 despite economic growth, with real household disposable income per person decreasing by 0.8%. Higher taxes on income and wealth offset gains from income from property and employment, contributing to a fall in households' savings rate. Nonetheless, the UK economy grew by 0.6%, the fastest among G7 countries, driven mainly by service sector expansion, though the broader outlook remains uncertain due to inflation and political factors.
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