Sheffield in top 50 cash list

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SHEFFIELD has been ranked 50th in a list of UK towns and cities which have enjoyed the fastest disposable income rise in recent years.

The average disposable household income after outgoings like tax, mortgage payments and pension contributions rose by nearly 25 per cent in Aberdeen between 2004 and the end of 2009, when latest figures could be obtained.

London came in second place in terms of percentage change but had the highest disposable income overall.

The capital saw a 22.13 per cent jump over the same period, with households pocketing £19,658 in 2009 compared with £16,096 five years earlier.

Accounting group UHY Hacker Young carried out the research.

The study was based on data obtained from the Office for National Statistics.