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  • One fifth of UK households had ‘negative disposable income’ in June, says Asda

One fifth of UK households had ‘negative disposable income’ in June, says Asda

One fifth of British households had "negative disposable income" last month, with a shortfall between what they earned and what they needed to spend on essentials, UK supermarket group Asda said on Monday.

by | 25 Jul, 2022

Confidence levels among Britain’s consumers are at record lows as they struggle with the accelerating cost of living. Wages are failing to keep pace with inflation that hit a 40-year high of 9.4% in June and is heading for double digits.

Read more at Reuters

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