U.K. household spending – excluding mortgage payments – rose to £554.20 pounds per week in 2017, climbing back to pre-crisis levels of more than a decade ago for the first time, according to a report by the Office for National Statistics – that’s an increase from £533 the previous year.
Transport accounted for the biggest proportion of expenditure at £79, more than housing and recreation. Both transport and recreation rose by more than £5 a week each. Of note, 65-74 year olds spent more than double than under 30’s on culture and recreation (a fifth of their disposable income).
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