Britain's disposable income has dropped substantially over the past 14 years compared to where it should be, according to a new report this week.



The Centre for Cities said that the average household's disposable income has fallen £10,000 behind where it would have been if pre-2010 growth rates had been maintained.



On average we have got better off, but we are well below what would have been expected.



So what is the problem? Why aren't we getting richer quicker and why are we falling behind our international peers?