Kay Neufeld, an economist at the Cebr consultancy, which conducted the supermarket study, said: “We have seen family spending power decline in five out of the last six months, underlining the mounting pressures on households’ budgets.”

 

London was the winner in the race for higher disposable incomes, Neufeld said, after household income in the capital rose by 2.4% compared with a national fall of 0.5%. But in all regions, incomes failed to rise by more than the current inflation rate of 3%.

 

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