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Household income sees biggest fall since 1977

UK households have seen the biggest fall in disposable income for more than 30 years, official figures have shown.

The Office for National Statistics said that in the year to the end of March, real incomes - adjusted for inflation - fell 2.7%, a fall not seen since 1977.

Higher taxes, domestic bills and inflation are all eating away at consumers' spending power.

Hugh Pym reports.

  • 29 Jun 2011
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