British households face disposable income fall of £515 per month

UK consumers could take 43bn hit as coronavirus crisis ravages UK economy

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British households will have 43bn less cash available for essential spending between April and June, as the UK slides into its deepest recession in decades.

Disposable income earned by UK households, once it has been adjusted for tax and benefits, will be 17% lower in the second quarter of this year, according to analysis from the Centre for Economics and Business Research consultancy.