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City in the bottom five for levels of disposable income

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This is Leicestershire --

People in Leicester have the fourth-lowest level of disposable income in the country.

The Office for National Statistics rates the city's average household income – including benefits but excluding tax – at £11,855 per year, higher only than Blackburn, Hull and Nottingham.

Leicestershire and Rutland households had an average of £15,804 of usable income, not far below the national average of £16,036.

The figure are from 2011.

Leicester's deputy mayor, Rory Palmer, said Leicester had long been a city of low incomes.

"This data does draw attention to the significant challenges we have in Leicester," he said.

"We've got relatively high levels of unemployment and we have a large proportion of people in low-pay jobs."

However, he said there was an "economic action plan" to attract investment to Leicester.

He said the council hoped the new technology park near the National Space Centre and Jubilee Square, a public space that will be created at the top of High Street, would "give the city a boost".

Maxine Aldred, development manager of the Federation of Small Businesses in Leicestershire, said changes in the global economy were probably needed for any big changes to take place in the city's fortunes.

She said: "The city council is working at getting businesses back to the city and textile and the food and drink industries are growing.

"Once you have a vibrant economy and a range of businesses, that will attract more investment and more companies.

"But the economy as a whole needs to improve and we need access to finance so our businesses can compete globally."

Between 2009 and 2011, the public-funded body Prospect Leicestershire was charged with bringing investment to the county.

It was shut after the coalition Government cut public spending.

Its former chairman, Nick Carter, said the global economic problems that had been affecting the country since 2007 made it a difficult time for a city to rise in the income league tables.

"Prospect Leicestershire was set up to find public money to spend on development that would encourage private sector investment," he said.

"Things have changed since then.

"There's less public money in that area, making it difficult for cities such as Leicester to move up.

"It is difficult to change the circumstances of a city like Leicester at a time like this, but the city and county councils are working to increase education standards and increase the pool of employable people."

He said during an economic slowdown it was important cities took every opportunity to raise their profile and the City of Culture 2017 bid and the discovery and reinterment of Richard III's remains would help Leicester. Reported by This is 16 hours ago.

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