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Uk Disposable Incomes Fell In First Three Years Of Coalition Government, Says Ons

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http://www.theguardian.com/politics/2015/feb/12/uk-disposable-incomes-fell-first-three-years-of-coalition-government-ons-tax

British household spending power fell in the first three years of the coalition government despite millions of people being taken out of the lowest income tax band, according to a report by the Office for National Statistics.

Year-on-year rises in the personal income tax threshold, which cost the Treasury billions of pounds in lost revenue, were unable to protect households from an economic downturn marked by pay freezes and rising energy bills.

The ONS said restrictions on council tax rises were also taken into account as part of its measure of real household disposable income (RHDI), but those constraints only served to prevent an even bigger fall in disposable incomes.

Between 1997 and 2007, disposable incomes were on an upward path before declining from 2010 onwards, the ONS said.

The ONS findings will feed into the heated debate about the decline of British workers’ pay in the runup to the general election in May.

If only these people had worked hard and got themselves into the 1%.

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Between 1997 and 2007, disposable incomes were on an upward path before declining from 2010 onwards, the ONS said.

The ONS is still refusing to acknowledge that it totally missed the huge reduction in real income caused by rising house prices 1997-2007.

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The ONS is still refusing to acknowledge that it totally missed the huge reduction in real income caused by rising house prices 1997-2007.

Yes, indeed. And they're missing it now too. After a modest three year decline household debt started rising again in 2012 with introduction of FLS.

article-2724894-2086E2BA00000578-762_634

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Do you think the lovely people's income at the ONS declined also ?

Or are they based in london and got a £200,000 tax free equity bonus from the tory government ?

It seems that the main base of the ONS is in Newport Wales. Does anybody know what has happened to house prices there?

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Like anything...the more people below you the richer you feel but nobody is getting any richer, just more are getting more than the rest.....

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