Disposable Income
The question
To ask the Chancellor of the Exchequer, what real household disposable income was on (a) 5 July 2024 and (b) 1 May 2025.
Answered by Emma Reynolds
The Office for National Statistics produces estimates for GDP per capita and Real Household Disposable Income (RHDI) per capita. These estimates are produced on a quarterly basis as part of the Quarterly National Accounts. Aggregate GDP is also estimated on a monthly basis but not in per-capita terms.
The nearest complete quarter to the 5th July is Q2 2024 (ending June 30).
According to the most recent ONS estimates for Q2 2024, in 2022 prices:
- Real GDP per capita was £9,269 (yearly equivalent £37,076).
- RHDI per capita was £6,145 (yearly equivalent £24,580).
The nearest complete quarterly for 1 May 2025 is Q2 2025 (June 30). However, estimates of Q2 2025 GDP and RHDI per capita have not yet been released. These are due to be released respectively on 14th August and 30th September 2025.
The most recent quarter for which estimates are available, in 2022 prices:
- In Q1 2025, real GDP per capita was estimated to be £9,279 (yearly equivalent £37,116), following £9,235 (yearly equivalent £36,940) in Q4 2024.
- In Q4 2024, RHDI per capita was estimated to be £6,270 (yearly equivalent £25,080).
The RHDI figures above refer to Households and non-profit institutions, as per the definition of living standards using the Programme for Change milestones.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →