BERL Forecast Estimates of Household Income

The SOLGM Financial Management Working Party (FMWP) commissioned regional level projected estimates of household income for the period 2009-19. These figures have been derived from the same Computable General Equilibrium model that is used in preparation of the price level adjustors.

There is no presumption or expectation that a council would use these over other data, or that a council must consider these in any discussion around affordability. However many people confuse affordability (or genuine ability to pay) with willingness to pay. These may be useful for those local authorities who are interested in producing robust information on the affordability of their rates to inform or support their policy judgments. If you link these estimates with the rate levels in your local authority you have a useful analytical tool.

Download the BERL Forecast Estimates of Household Income here

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