Lewisham's disposable income rising at UK's fastest rate

You've never had it so good. It's boom time in Lewisham, according to a new study, which says this borough is experiencing the fastest rise in disposable income per capita in the UK. City AM reports:

Lewisham and Southwark experienced a 5.3 per cent rise in cash in people's pockets that's free to spend, growing faster than anywhere else in the country and compared to the UK average of 0.5 per cent.

The rising incomes are a sign of redevelopment in the areas attracting more and more young professionals, said UHY Hacker Young which collected the figures.

Despite the influx of new venues to the area over the last few years, these figures show what we all know: There is still an imbalance between demand and supply. A beautifully revamped Wickham would make a killing. A hipster pizza joint would be rammed. A decent Thai restaurant would clean up.

Thank you to Fraser for the link.

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