Rolling coverage of the latest economic and financial news, as GDP quarterly national accounts show how UK economy fared in January to March 2026
The fall in UK real household disposable income (RHDI) in the first quarter of 2026 came despite increase in income in these areas:
compensation of employees, by £8.2bn
net property income, by £2.1bn
gross mixed income, by £1.5bn
The impact of the reduction in the tax-free allowance for capital gains, and the resulting increase in Capital Gains Tax payments, contributed to the increase in taxes on income and wealth.
Continue reading...