Asda’s Income Tracker Reveals Mixed Progress
- UK households have £25 more disposable income per week in Q1 2025 compared to last year
- Inflation dropped to 2.6% in March due to falling fuel prices
- London has the highest disposable income at £334 per week, up £27 from previous year
- East Midlands and North West regions surpass pre-pandemic levels
- Income growth slowed across most regions in Q1 2025 compared to same period last year
- Higher utility bills and welfare cuts may impact spending power
- Wages projected to rise faster than inflation for rest of the year
- Asda reduces prices on thousands of products amid rising costs
According to Asda’s latest Income Tracker, UK households now have an average of £257 per week for disposable income after essentials and bills in Q1 2025, a £25 increase from the same period last year. This improvement is mainly due to decreased inflation (2.6% in March) driven by falling fuel prices. All UK regions experienced growth, with London leading at £334 per week (+£27). East Midlands and North West surpassed pre-pandemic levels. However, income growth slowed across most areas compared to the same period last year. Higher utility bills and welfare cuts may affect spending power, but wages are expected to rise faster than inflation. Asda continues its Rollback initiative, reducing prices on 10,000 products amid rising costs.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information based on Asda’s Income Tracker report, citing specific numbers and regional differences in income growth. It also includes expert opinions from Cebr senior economist Charlie Cornes. However, it could be improved by providing more context about the inflation rate and its impact on households.
Noise Level: 3
Noise Justification: The article provides relevant information about UK households’ disposable income and regional differences in income growth, as well as factors that may impact spending power in the future. It also mentions Asda’s efforts to reduce prices on products. However, it lacks a deep analysis of long-term trends or possibilities and does not explore consequences of decisions on those who bear the risks.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses changes in disposable income and spending power of UK households, which can impact consumer behavior and potentially affect various industries such as retail and groceries. It also mentions inflation and potential impacts on the job market and welfare spending.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event is mentioned in the text and it’s not the main topic.
www.retailgazette.co.uk