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A widening North-South divide
2nd April 2010
Fresh data on regional household income confirms a widening gap between northern and southern regions. In 2008, regional household disposable income per head was above the UK average in three regions: London (£19,038); the South East (£16,792) and East of England (£15,509). The lowest GDHI per head was in the North East (£12,543). More comment here from the Guardian.
The ONS calculation adds up wages, benefits, pensions and other forms of income such as share dividends, and subtracts taxes, pension contributions and interest payments on mortgages or credit cards.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.