BRITAIN’S richest 20 per cent are the only ones enjoying Chancellor Osborne’s economic recovery as incomes slumped for working families last year, official figures revealed yesterday. 

The Office for National Statistics (ONS) found that disposable income had increased by £940 for the richest fifth of households between 2011/12 and 2012/13, while the disposable income of all the other groups fell by around £250. The poorest households experienced the sharpest fall of all with a loss of £381. 

The highest earning fifth of households now have incomes £30,000 more than average household earnings.