PARLIAMENTARY WRITTEN QUESTION
Consumer Price Index: Disposable Income (10 July 2017)
Question Asked
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the recent rise in the consumer price index on the level of household disposable income.
Asked by:
Kirsty Blackman (Scottish National Party)
Asked by:
Kirsty Blackman (Scottish National Party)
Answer
The Government is taking action to support incomes. This includes increasing the National Living Wage, raising the personal allowance and freezing fuel duty.
Following strong gains in recent years, higher inflation is expected to weigh on Real Household Disposable Income (RHDI) per head in 2017. The Office for Budget Responsibility forecast growth in subsequent years, with the level of RHDI per head rising 2.0% above its 2016 level by 2021.
Answered by:
Steve Barclay (Conservative)
18 July 2017
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