The Office for National Statistics has reported an increase in household spending over the last few years. However, our expenses are yet to reach the level they were at before the Global Financial Crisis, with families currently spending around £22.50 less a week than in 2006. The Living Costs and Food Survey revealed that the average weekly household expenditure was £501.30 in 2012, £517.30 in 2013, and £531.30 in 2014. Families spend the majority of their money on food, transport, housing, fuel, and recreation with over 50 percent of spending allocated to these categories. EXPENSES OF A TYPICAL BRITISH HOUSEHOLD…
How does your household expenditure compare to a prime central London home?
