Customer Enquiries 0161 814 9158
This website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Continue
Home > Disposable incomes rose faster in the Scottish Borders than in Central London

Disposable incomes rose faster in the Scottish Borders than in Central London

5th June 2015 | Published by Henry

People living in the Scottish Borders saw the greatest rise in disposable income during 2013, according to figures recently released by the Office for National Statistics.

Gross disposable income is defined by the ONS as money left over after taxes, mortgages, rent and pension contributions have been deducted.

Incomes have risen most in rural areas around the UK, says the ONS, particularly in Scotland. The Scottish Borders, the Western Isles and West Cumbria saw the fastest growth. Disposable household income rose in the Scottish Borders by 5.2 per cent and by 5.1 per cent in both the Western Isles and West Cumbria.

Bradford and Hull also saw an increase in gross disposable household income, rising by 4.2 per cent and 3.8 per cent, respectively.

The richest residents in the UK remain in Central London, however. People living in the London Borough of Westminster have the most disposable income, an average of £43,577 per person. In fact, residents in the four richest London boroughs of Kensington and Chelsea, Westminster, Camden and City of London have disposable incomes twice as large as the average UK resident, which is £17,559. Whilst disposable income didn’t rise as much in Fulham and Hammersmith or Kensington and Chelsea, as it did in the Scottish Borders, it still rose by 3.7 per cent.

In contrast, household disposable incomes actually fell in many urban areas of the UK. Areas in north east London, such as Redbridge and Waltham Forest, were particularly hit, seeing GDHIs fall by as much as 3.8 per cent.

Manchester, Enfield, Luton, York and South Nottinghamshire also saw disposable incomes drop by more than three per cent during 2013.

The area in Britain with the lowest level of disposable income is Leicester, with just £11,739, a quarter of the amount residents in Westminster have.

Category: Money
This post was written by Henry
Warning: Late payment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 90 out of 100, based on 112 reviews over the past year. 112 user reviews. Read our reviews

Members of the The Finance & Leasing Association

FLA logoThe Finance & Leasing Association is the leading trade body for the motor finance, asset finance and consumer credit industries in the UK.

Socialise

Feeling social? Check out our social pages!

Tweet us on Twitter
Like us on Facebook
Pin us on Pinterest
Add us on Google+

Our Address

Evolution Money,
9 Portland Street,
Manchester,
M1 3BE


Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

Complaints:
0161 814 9165

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 8 St John Street, Manchester, M3 4DU. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.

© 2017 Evolution Money | Privacy Policy | Cookie Usage | Complaints Policy | Breaking Down Our Loans | Terms & Conditions
Apply Online
I want to borrow £


You will receive a call today to continue with your application.
Thank you for taking the time to fill in our online enquiry form. Unfortunately in this instance we won't be able to help as being a homeowner is one of our primary requirements.
Start Here
Please wait

Please wait

Don't leave just yet!

Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

Award Winning

Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

Back to Evolution