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Finance Friday: discretionary income

discretionary income

Disposable and discretionary income

Disposable income is the money we have coming in after we have paid taxes and other compulsory deductions. Discretionary income is the money we have left for enjoying life after we have paid out for essentials. (more…)


Finance Friday | Recession–what recession?

It seems the British economy is growing and we aren’t in recession after all. GDP has increased 0.3%. Well it’s better than nothing. That means spending has increased by 0.3%, that’s combined spending, the government’s and ours. The government is spending less. Are we spending more?

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