Aberdeen has highest proportion of disposable income in UK
People living in Aberdeen saw their disposable income grow faster than anywhere else in the UK between 2004 and 2009, new figures have shown.
According to accounting group UHY Hacker Young, households in the Scottish city experience income growth of 25 per cent over the period, as a result of high oil prices and investment in North Sea production.
The study showed after they've covered taxes, bills, mortgage payment or rent, the average Aberdonian had £17,039 left over in 2009.
This figure was still lower than the equivalent of £19,658 in London, but it had grown significantly faster.
Commenting on the report, UHY Hacker partner Marc Waterman said: "London has been seen as streets ahead of all the other UK towns and cities for growth in disposable household income, but these figures show that the gap is closing."
Glasgow and Dundee also featured in the top five locations for disposable income rises, along with English city Stoke-on-Trent.
"Although disposable incomes in Dundee and Glasgow have grown from a low base, the growth has been very rapid, aided by their low housing costs and the fact that they avoided the worst of a spike in unemployment," Mr Waterman added.
The expert went on to warn that heavy public sector expenditure cuts may mean the biggest risers since 2009 - the last year for which Office for National Statistics data is available - may be markedly different.
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