New research reveals that after bills and essentials have been paid for, people are left with around 9.9 per cent of their salary in spending money, an average of £236 per person.

The cross-UK survey reveals a year-on-year rise in disposable income of 1.7 per cent.

The survey shows Scots currently have the highest levels of disposable income, taking home on average 11.1 per cent of their salary left each month,  closely followed by Londoners who have 10.0 per cent of their income left over each month.

The UK-wide quarterly report from SCOTTISH FRIENDLY reveals that, after bills and essentials have been paid for, people are left with around 9.9 per cent of their salary in spending money, an average of £236 per person. And 16 per cent fewer people have put money aside each month into savings and investments in the last three months.

Regionally the last quarter presented a mixed bag, with the North East seeing the largest rise in disposable income, climbing by 1.6 per cent. This was followed by the West Midlands and London which rose by 1.4 per cent and 0.9 per cent respectively.

In comparison, Yorkshire and Northern Ireland fell by 1.2 per cent and people in the East Midlands experienced a decline of 1.0 per cent.

Said CALUM BENNIE, savings expert at Scottish Friendly, “Despite the overall rise in national disposable income, not all areas of the country are thriving. If this continues, we could start to see a wider divergence in the UK between the haves and the have nots.”

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