Disposable Income: Lancashire
Commons · Question 54077 · Tabled 21 May 2025 · Treasury · Official record
Answered 5 Jun 2025
Question
Asked by Andrew Snowden
To ask the Chancellor of the Exchequer, what recent assessment she has made of the potential impact of inflation on average household disposable income in (a) Fylde constituency and (b) Lancashire.
Answer
Answered by James Murray, 5 Jun 2025
Inflation has fallen from the peak of 11.1%, returning to the 2% target in September 2024, before increasing again to 3.5% in April. The independent Office for Budget Responsibility forecast that CPI inflation will peak at 3.8% in July this year before fa...