UK income growth revised upwards as markets hail ‘resilient’ economy

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UK households’ incomes grew at a stronger pacethan previously estimated during the first six months of the year, according to revisions of official data.

The rise in income per head to 1.1% between January and June followed an increase in the level of economic growth that illustrated the resilience of the UK economy since the outbreak of hostilities in the Middle East more than seven months ago.