Figures that appear to show Londoners are significantly better off than people in other parts of Britain don’t tell the whole story, says Maggie Kemmner
The article (Big regional gaps revealed in disposable incomes across UK, 23 May) is very misleading. It makes no allowances for the increased housing costs most Londoners face.
In February 2019, Londoners spent the biggest proportion of their income on rent as compared to other areas of the UK; more than one third of a household’s income. The average monthly rental was £1,599 as compared to a £940 UK average. Over a year, this amounts to £7,908 extra housing costs: which pretty much wipes out the “extra money” that Londoners have to spend post-tax as compared to the UK average. This data is from statistica.com.