Disposable income at 10-year low

October 08, 2007 10:59 AM

Research by the price comparison website uSwitch.com found that disposable income - the money left over after taxes, mortgage/rent payments and household bills - has fallen to just 32.6 per cent of gross income, compared with 34.5 per cent in 1997.


The biggest increases in household costs, apart from house prices, were income tax, national insurance and council tax. It cannot be clearer - higher taxes mean lower disposable income. It's time for politicians of all parties to realise that the best way to boost families' spending power is to cut the overall burden of tax.

Research by the price comparison website uSwitch.com found that disposable income - the money left over after taxes, mortgage/rent payments and household bills - has fallen to just 32.6 per cent of gross income, compared with 34.5 per cent in 1997.


The biggest increases in household costs, apart from house prices, were income tax, national insurance and council tax. It cannot be clearer - higher taxes mean lower disposable income. It's time for politicians of all parties to realise that the best way to boost families' spending power is to cut the overall burden of tax.

Latest Blogs:

TaxPayers' Alliance Icon

Taxing holidays doesn't fly

12:01 AM 14, Aug 2017 Duncan Simpson

How to end the housing crisis

10:48 AM 11, Aug 2017 Rory Meakin

TaxPayers' Alliance Icon

Could the end be in sight for stamp duty?

2:23 PM 09, Aug 2017 Jan Zeber

TaxPayers' Alliance Icon

Stamp Duty Land Tax - What is it?

12:29 PM 09, Aug 2017 Rory Meakin

TaxPayers' Alliance Icon

Action on Sugar leave a bad taste in the mouth

11:15 AM 08, Aug 2017 Ben Ramanauskas

TaxPayers' Alliance Icon

It's not more money that the NHS needs...

10:00 AM 04, Aug 2017 Ben Ramanauskas