It’s ten quarters of growth and counting for the UK economy. Q2’s 0.7% expansion means we’re in the midst of our third longest growth spell since 1955. And there’s even a ray of hope on the economy’s productivity problem. US growth was also decent in Q2. But it may take a bit more than that for the Fed to raise rates. Finally. UK economic output expanded by 0.7% in…
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RBS Chief Economist Weekly Brief
Disposable income across the UK. Each of us had an average of £16,034 per year to spend or save in 2011, or £308 a week. That’s after we’ve paid our taxes and received our benefits, but before we’ve spent money on bills, done the shopping or filled the car. But this national average masks huge variations depending on where you happen to live. London has the highest income per person,…