Caithness Map :: Links to Site Map Great value Unlimited Broadband from an award winning provider  

 

Quarterly Sector Accounts UK - January To March 2024

28th June 2024

The household saving ratio is estimated to have increased to 11.1% in Quarter 1 (Jan to Mar) 2024, from 10.2% in the previous quarter.

The increase in the saving ratio was driven by increases in compensation of employees of £4.3 billion and the adjustment for pension entitlements of £3.7 billion.

Real households' disposable income (RHDI) is estimated to have grown by 0.7%, maintaining the same growth as Quarter 4 (Oct to Dec) 2023.

Within RHDI, nominal gross disposable income saw growth at 1.1%.

The UK's borrowing position with the rest of the world as a percentage of gross domestic product (GDP) is estimated to have increased to 3.4% in Quarter 1 2024 from 3.3% in Quarter 4 2023.

Financial corporations decreased their net lending position to 0.4% of GDP from 2.0% of GDP in the previous quarter; this was driven by a fall in net property income of £11.4 billion together with an increase in the adjustment for pensions entitlements of £3.7 billion and a rise in gross capital formation of £2.4 billion.

Non-financial corporations decreased their net borrowing to 1.1% of GDP, from 2.7% of GDP in Quarter 4 2023; within non-financial corporations, private non-financial corporations saw the largest fall which was driven by a rise in net property income of £5.1 billion and an increase in gross operating surplus of £3.0 billion.

Households increased their net lending position to 4.1% of GDP, up from 2.9% of GDP in Quarter 4 2023; this was driven by a rise in the adjustment for pension entitlements of £3.7 billion and an increase in income from wages and salaries of £3.0 billion.

General government saw an increase in their net borrowing position to 5.9% of GDP in Quarter 1 2024, from 4.6% as a percentage of GDP in Quarter 4 2023.

Red he full ONS report HERE