Families’ income set to fall
HOUSEHOLD disposable income is set to fall for the first time in seven years on the back of increasing utility bills.
The share of total income available to spend on items of choice will fall to just 37.3% in 2005, down from 37.5% this year. The fall is the first since 1998 when the figure stood at 28.6%.
Only vehicle insurance and clothing and footwear tax looks likely to decline in 2005, falling by 0.8% and 1% respectively.
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