Emeritus Prof Christopher May on Nostr: On Thursday it seems unlikely the BoE/MPC will start to reduce interest rates, likely ...
On Thursday it seems unlikely the BoE/MPC will start to reduce interest rates, likely citing continuing 'threats' to the 2% inflation rate now 'achieved'.
And these threats are: workers seeking above inflation wage rises, to try & rebuild living standards that have suffered over ten years of attrition & reduction.
So just to be clear: interest rates will stay high until workers accept that they do not deserve even the living standards of the past let alone any betterment!
#classwar #workers
And these threats are: workers seeking above inflation wage rises, to try & rebuild living standards that have suffered over ten years of attrition & reduction.
So just to be clear: interest rates will stay high until workers accept that they do not deserve even the living standards of the past let alone any betterment!
#classwar #workers