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Discretionary incomes up 4.5% over the year in UK
Thursday, December 29, 2016 5:58
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The latest Asda discretionary income tracker shows continuing good growth in average spending power, despite the recent rise in oil prices and the knock on effects to fuel. Food, clothing and other essentials still show little or no overall inflation, whilst incomes after tax are rising. So far there has been no squeeze on real incomes from a lower pound in the way so many forecasters predicted would happen this winter.
Source: http://johnredwoodsdiary.com/2016/12/29/discretionary-incomes-up-4-5-over-the-year-in-uk/
