Deloitte warns UK households could experience £780 drop in disposable income in 2011

Financial services firm Deloitte has warned that UK households could face a drop of nearly £800 in disposable income over the next 12 months. A report by the firm says that the average household in the country could experience a drop of £780 this year and warns disposable incomes may not return to their 2009 peak until 2015. Government cuts, rising inflation and soaring commodity prices are believed to be the main factors behind the grim prediction.