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SOURCE ROOM

Family spending in the UK: April 2023 to March 2024

UK Office for National Statistics (ONS)

Claims Supported by This Source

  1. In FYE 2024 (April 2023 to March 2024), the average weekly household expenditure in the UK was £623.30. This is a nominal increase of £55.60 (10%) from the previous year, and a real-terms increase of £15.40 (3%) after accounting for inflation.
  2. The largest expenditure category was housing (net), fuel and power at 18% (£113.30), followed by transport at 14% (£88.20).
  3. The richest fifth of households spent £948.70 per week, while the poorest fifth spent £378.60.

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