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!
Emeritus Prof Christopher May /
npub1hr…f2ktj
2023-12-18 17:58:11
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2023-12-18 17:58:11Event JSON
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