Real household actual income per head fell by 0.6 per cent in the first quarter of 2012 compared with the fourth quarter of 2011, to its lowest level since the second quarter of 2005
Real household actual expenditure per head fell by 0.2 per cent in the first quarter of 2012 compared with the fourth quarter of 2011, to its second lowest level since the third quarter of 2003
The household saving ratio fell by 0.5 percentage points to 6.4 per cent in the first quarter of 2012. Gross household saving was £17,000 million in the same quarter, down from £18,300 million in the fourth quarter of 2011
Overall, the results for the UK Business Economy (that part of the UK whole economy measured by the Annual Business Survey, ABS) showed that approximate Gross Value Added at basic prices (aGVA) grew by 4 per cent (£33.8 billion) between 2009 and 2010, although not yet recovering to 2008 levels. Those regions contributing most to the overall growth over this period were the West Midlands, the North West and London.
The West Midlands region showed the highest growth in aGVA between 2009 and 2010, rising 11 per cent (£6.8 billion) and returning to its 2008 level of £66.2 billion.
The North West region followed the West Midlands with a 7 per cent (£6.4 billion) rise in aGVA to £93.9 billion, higher than the levels seen in both 2008 and 2009.
London showed a rise of 3 per cent (£5.5 billion) in aGVA to £217 billion in 2010, but has not returned to its 2008 level of around £231.2 billion.