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UK living standards fall despite fastest growth in G7 – business live

The Guardian Business Tuesday 30 June 2026, 06:36 UTC By Graeme Wearden 1 min read
Key Points

Rolling coverage of the latest economic and financial news, as GDP quarterly national accounts show how UK economy fared in January to March 2026The 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 £8.2bnnet property income, by £2.1bngross mixed income, by £1.5bnThe impact of the reduction in the tax-free allowance for capital gains, and the resulting increase in Capital Gains Tax...

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.

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UK (LOCATION) G7 (ORG) RHDI (ORG) Capital Gains Tax (ORG)
Originally published by The Guardian Business Read original →

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