Forecast of annual change in real household disposable income per person UK 1956-2029
Based on the government's forecast from November 2023, the real household disposable income per capita in the United Kingdom fell by 2.2 percent in the 2022/23 fiscal year, the biggest fall in living standards since 1956 when this type of data was first produced. Living standards are also expected to fall in 2023/24, and 2024/25, before starting to rise in 2025/26.
