skip to main content
Find Insight DIY on
* * *

UK DIY News

UK families 9 a week worse off - Asda

UK families were found to be £9 a week worse off in June than they were a year ago, the latest Asda Income Tracker has discovered.

The Average household was found to have £36 a month less to spend in June 2011 than during the same month last year, with a discretionary income of £167 a week, 5.1% lower.

Despite this, the tracker also found that there had been a ‘slight rise’ in the average earnings, but that it was still ‘well below’ pre-recession levels with an annual revenue rate rise of 2.1%.
Consumer price inflation fell from 4.5% in May to 4.2% in June, although transport costs rising by 16% on last year’s costs, with a 15,2% rise in petrol prices in the last year (16% for diesel) further pressuring family finances.

Regional disposable income also found that families in London had £283 a week in Q2 of this year to spend, while the UK average is £168 for that period.

Northern Ireland continued to have the lowest household spending power falling from £87 in Q1 of 2011 to £80 in Q2.

Andy Clarke, president and CEO of Asda, said: "Nationally, shoppers' disposable incomes are still down year-on-year. While it's a relief to see a significant improvement on last month's record drop, only time will tell whether this is a one-month blip or the beginning of a trend."

“Across the regions, it's a mixed picture. While spending power dropped everywhere, the fall in London and the South East was relatively mild. That contrasts with a much more dramatic fall in Northern Ireland and the North West where the higher car usage, and dependency on petrol, leaving a larger hole in household budgets.”

Source : Marketing/The Drum
www.thedrum.co.uk/news/2011/07/20/23816-uk-families-9-a-week-worse-off-asda-s-research-finds/

20 July 2011
view more UK DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry