We're also worse off now than we were at the start of the year.
Labour's first six months continued the positive trajectory from the last six months under Sunak and Hunt, but that turned around in 2025.
We're now only £1 better off each month than we were at the end of 2019
It's still a bit early to assess in full, but we had a go at tracking how some of Labour's big pledges are going so far - to mark their first year in power.
In short, perhaps surprisingly good news on certain economic measures, but not much to get excited about on the main policy targets (1/4) 🧵
Disposable income is what's left after tax. We still need to pay for things like food/energy/rent from it.
Those have all risen in price faster than inflation since 2019, leaving even less available to save or spend on nice things.
More here:
news.sky.com/story/a-disa...
And...
But... the tax burden is lower than it was under the Tories, growth has been trending upwards compared with our G7 rivals, and disposable income has risen faster in the first nine months of this parliament than all but one other in post-war British history (3/4) 🧵
An unmitigated failure on small boats, a decline in housebuilding, and only miniscule improvements on each of NHS waits, violent crime numbers, and clean power (2/4) 🧵
Find the result from your ward, and lots more council election analysis from the Sky Data x Forensics team and @drjennings.bsky.social
news.sky.com/story/englis...
Use our new Starmer tracker tools to see how the government are performing towards five key policy areas and five important economic targets - including disposable income, tax, healthcare, immigration, clean power and more:
news.sky.com/story/keir-s...
The ONS has updated its disposable income data, including a revision to older figures.
It now reveals that living standards fell between Dec 2019 and Jun 2024 - the first time that disposable income has been lower at the end of a parliament than the start
Inflation is slowly but surely trending back upwards though, which could eat away at all of that if it's sustained.
More here: news.sky.com/story/one-ye...
(4/4) 🧵