Emeritus Prof Christopher May on Nostr: Even #centralbankers cannot continue to ignore the evidence on #greedflation, ...
Even #centralbankers cannot continue to ignore the evidence on #greedflation, especially when its their own.
A recent BoE survey concluded firms continue to 'rebuild' their margins even as their costs fall.
As Sharon Graham (Unite) puts it:
The BoE 'has been attacking workers’ wages while downplaying corporate profiteering... Now [their] own analysis supports what Unite has argued all along about inflation. Companies are raising prices simply to boost their own profit margins'!
A recent BoE survey concluded firms continue to 'rebuild' their margins even as their costs fall.
As Sharon Graham (Unite) puts it:
The BoE 'has been attacking workers’ wages while downplaying corporate profiteering... Now [their] own analysis supports what Unite has argued all along about inflation. Companies are raising prices simply to boost their own profit margins'!