Emeritus Prof Christopher May on Nostr: Ddespite occasionally admitting that #profits & imports might be contributing to ...
Ddespite occasionally admitting that #profits & imports might be contributing to #inflation we're back to the tired old narrative that its #workers are to blame.
The Bank & economists in the City of London are still talking about #wage rises being 'worryingly high' (not their's of course) and so we cannot expect #interestrates to go down any time soon!
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!
The Bank & economists in the City of London are still talking about #wage rises being 'worryingly high' (not their's of course) and so we cannot expect #interestrates to go down any time soon!
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!