Almost half of households do not feel they have benefited from economic growth, according to an analysis that highlights a significant difference in average household spending power between northern and southern England.
The findings point to a stark regional divide in the financial resources available to households. The analysis compares spending power across the north and south of England and says the difference is evident on average.
It also suggests that economic growth has not been experienced equally by households. While the economy may be growing, the report says almost half of households have not seen corresponding benefits in their financial circumstances.
The findings underline the gap between headline economic performance and the experience of many households. The supplied analysis does not provide further details about the size of the spending-power difference, the period covered or the reasons for the regional variation.
The latest assessment therefore presents a broad picture of uneven economic gains, with households in northern and southern England experiencing different levels of spending power and many families reporting no clear benefit from growth.
