Residents in one part of London have nearly five times the disposable household income of those in other parts of the UK, new figures have revealed.

Data from the Office for National Statistics (ONS) showed Westminster and City of London had the highest gross disposable household income (GHDI) per head in 2023.

At £79,555, this was more than three times the UK average of £24,836. It was also nearly five times the £16,067 that people in Leicester had to spend or save.

GDHI is the amount of money that people have available for spending or saving after they have paid taxes and received any benefits.

The new ONS data showed the 10 local areas with the highest GDHI per head in 2023 were in London or the South East of England.