UK faces tightest squeeze on household incomes for five years

Real disposable income per head fell 2% in first quarter of 2017 from year earlier, the steepest decline since end of 2011

Rising prices in the wake of the Brexit vote have put the tightest squeeze on household incomes for more than five years, according to official figures on Britons’ economic wellbeing.

In the opening three months of 2017, real household disposable income per head dropped 2% from the previous year. It was the steepest decline since the end of 2011 and driven by increasing prices of goods and services, the Office for National Statistics (ONS) said.

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