UK Living Standards Rise as Wage Growth Outstrips Inflation
- Official figures confirm a mild recession at end of 2023
- Figures point to improving economy and personal finances
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UK living standards recovered to their highest level in more than two years at the end of 2023 as inflation eased and workers enjoyed bumper pay rises.
Real household disposable income per head increased 0.4% in the fourth quarter of 2023, more than reversing the 0.3% drop in the third quarter, the Office for National Statistics said Thursday.