As the UK celebrates its first ever ‘Purple Tuesday’ highlighting the huge potential of disabled consumers’ £249bn spending power, new figures show more than half of disabled people are now in work, outnumbering those who are workless.
In a further boost to the economy and consumer spending, wage growth outpaced inflation for an eighth month in a row, rising 0.9% in real terms (against CPIH inflation). Regular pay before inflation grew at its fastest in almost a decade, 3.2%,
The UK’s unemployment rate has also nearly halved since 2010, now at 4.1%.
The latest figures from the Office for National Statistics also revealed the employment rate remains high, at 75.5%, with a record number of people in employment – and over 3.3 million more people in work since 2010.