Thursday, October 31, 2013

Fact of the Day

The Office for National Statistics  said  the proportion of British families’ income accounted for by expenditure on essentials increased from 19.9 percent in 2003 to 27.3 percent in 2013.
The proportion accounted for by gas and electricity rose from 1.8 percent to 3.1 percent during the same period despite very little overall change in the volume of household energy consumption.

“Household budgets have been squeezed by recent increases in the price of household goods," the ONS said, adding that the energy price hikes “have taken a larger share of disposable incomes”.

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