28/07/2016

NI Families Better Off Than A Year Ago

A new study commissioned by supermarket retailer, Asda, has revealed that householders in Northern Ireland have about half the spending power of the rest of the UK.

London economist CEBR carried out the income tracker study on behalf of Asda, looking at the discretionary income – money left over after tax and bills and expenses are paid – of households across the UK.

The study found that families in Northern Ireland now have on average £8 per week more than they did a year ago.
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The discretionary income of families here stands at £103 per week, compared to a UK average of £201.

The economists said that the situation in Northern Ireland reflects the regions lower rates of pay.

The report can be read in full on the Asda website.

(MH)

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