{"id":21224,"date":"2026-09-03T00:58:07","date_gmt":"2026-09-03T00:58:07","guid":{"rendered":"https:\/\/8657085.xyz\/?p=21224"},"modified":"2026-09-03T00:58:07","modified_gmt":"2026-09-03T00:58:07","slug":"almost-half-of-households-do-not-see-benefits-of-economic-growth-report-says","status":"publish","type":"post","link":"https:\/\/8657085.xyz\/?p=21224","title":{"rendered":"Almost half of households do not see benefits of economic growth, report says"},"content":{"rendered":"<p> <div style=\"display: grid; grid-template-columns: 300px 160px; gap: 2px; width: 460px; background: #eee; padding: 2px;\">\r\n\r\n  <!-- \u6574\u884c\u5bbd\u5e7f\u544a -->\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876674\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 90px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876676\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u5de6\u4fa7\u7ad6\u6392 -->\r\n  <div style=\"height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876672\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"height: 500px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876680\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u6469\u5929\u697c\uff08\u548c\u5de6\u4fa7\u5b8c\u5168\u5bf9\u9f50\uff09 -->\r\n  <div style=\"grid-row: 3\/5; height: 750px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876678\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  \r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e6\" data-zoneid=\"5876682\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n<\/div><br \/>\n<\/p>\n<div>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\">Almost half of people in Britain live in areas where economic growth does not translate into a better quality of life with a &#8220;stark&#8221; North-South divide in the spending power of households, a new report finds.<\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Researchers at consultancy firm PwC said every region the north of England, midlands and Wales had a lower spending power than the country&#8217;s average, with London and the South East comfortably above.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The findings come as Prime Minister Andy Burnham has pledged to tackle the cost of living and regional inequalities in order to boost living standards.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But questions remain over the new PM&#8217;s economic policies with surges in UK government borrowing costs set to impact public spending choices.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The report released on Thursday said the equivalent of 12.5 million households &#8211; 46% &#8211; lived in parts of the country where economic growth, often seen through increased business investment and job opportunities, were not leading to better living standards.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">It said households in the north east of England had a spending power 6.6% below the national average, equivalent to \u00a31,542 less a year. The north west was \u00a31,493 less, while Yorkshire and the Humber were worst off with spending power down \u00a31,917 comparatively.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Meanwhile, households in the South East were found to have spending power 9% above the national average, worth an additional \u00a32,154 a year, followed by London.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Household spending power is seen as a good measure of whether economic growth is improving living standards. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">PwC says it measures this by looking at income after taxes and housing costs, and takes into account the size and makeup of a household &#8211; which is aimed at giving a better idea of the money available to meet other expenses. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The UK has seen years of weak growth, although the economy expanded by 1.2% in the first six months of this year, according to official figures. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Most countries want economic growth because it usually means people spend more, extra jobs are created, more tax is paid to the government and workers get better pay rises.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">All this together, in theory, leaves people better off &#8211; but it takes time for the benefits to be felt, and it does not necessarily benefit everyone. According to PwC, &#8220;only a fraction&#8221; of a rise in GDP &#8211; which a measures economic growth &#8211; leads to increased spending power. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Researchers said while there was a clear North-South divide in the spending power of households, there were also such examples of spending power differences within areas deemed better off, such as London and the south east.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">For example, Richmond&#8217;s average annual disposable income was the highest in London at \u00a335,448 &#8211; almost double the \u00a318,384 recorded in neighbouring Hammersmith and Fulham.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;The research shows just how differently prosperity is experienced across the UK, with stark variations not only between regions but on each other&#8217;s doorstep,&#8221; said Rachel Taylor, government and health industries leader at PwC.<\/p>\n<\/div>\n<p><!-- \u603b\u5bb9\u5668\uff1a\u6700\u5927\u5bbd908px Grid\u7d27\u51d1\u5e03\u5c40 -->\r\n<div style=\"display: grid; 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