Emeritus Prof Christopher May on Nostr: A #BoE deputy Governor is now saying that due to the problems with #ONS data on ...
A #BoE deputy Governor is now saying that due to the problems with #ONS data on #wages growth, #interestrates cannot be lowered as the Bank is still unsure about the level fo wages rises...
So, despite occasionally admitting that #profits & imports might be contributing to #inflation we're back to the tired old narrative that its #workers are to blame.
Given profits have 'recovered' but real wages remain below pre-2010 levels, I think its fair to say this is about cementing low-wage Britain!
So, despite occasionally admitting that #profits & imports might be contributing to #inflation we're back to the tired old narrative that its #workers are to blame.
Given profits have 'recovered' but real wages remain below pre-2010 levels, I think its fair to say this is about cementing low-wage Britain!