Key Takeaway
ONS confirms 0. 6% GDP growth in first quarter, with services, production and construction sectors expandingBusiness live – latest updatesUK households suffered a drop in disposable incomes in the first three months of the year as price rises and extra wealth taxes hit average spending power.
Published June 30, 2026 · Category: News
Overview
ONS confirms 0.6% GDP growth in first quarter, with services, production and construction sectors expanding
UK households suffered a drop in disposable incomes in the first three months of the year as price rises and extra wealth taxes hit average spending power.
Details
The Office for National Statistics said a rise in the consumer prices index (CPI) measure of inflation in the first quarter and higher capital gains tax receipts reduced real household disposable income by 0.8% from January to the end of March.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "UK disposable incomes squeezed by price rises and tax changes" about?+
ONS confirms 0.6% GDP growth in first quarter, with services, production and construction sectors expandingBusiness live – latest updatesUK households suffered a drop in disposable incomes in the first three months of the year as price rises and extra wealth taxes hit average spending power.The Office for National Statistics said a rise in the consumer prices index (CPI) measure of inflation in the first quarter and higher capital gains tax receipts reduced real household disposable income by 0.
Who reported this story?+
This story was reported by The Guardian World.