Westminster’s £43k disposable income is twice the UK average

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Families in Westminster have the most disposable income in the country with an average of £43,577 per household after paying taxes, mortgages and rents, according to latest figures. The total is more than twice the UK average of £17,599 and almost four times the level of Leicester, where disposable incomes are the lowest in the country on £11,739.

The figures from the Office for National Statistics, also show that London has a bigger disposable income between its richest and poorest areas than any other part of Britain. The area of the capital with the lowest disposable income in the capital is Barking & Dagenham and Havering, in east London, with an average £16,801.

The figures, which cover the period from 1997 to 2013, also show how London, Scotland, Wales and Northern Ireland have prospered at the expense of the English provinces.

They have all seen their disposable income grow over the period compared with the UK average. The biggest relative falls were in the North West, Yorkshire, the Humber, and the South East.

Seven of the top 10 are in London: After Westminster,  Kensington & Chelsea and Hammersmith & Fulham came second with an average of £42,116, while third was Camden and the City of London with £37,324. Wandsworth, Bromley, Barnet and Hounslow and Richmond Upon Thames were also in the top 10.

The data also showed that London is less dependent on benefits than any other part of the country. On average households in London receive just 13.3 per cent of their overall income in the form of state handouts compared with a national average of 19.8 per cent

The highest share was Wales with 24.3 per cent.

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