Sunday, Jun 22, 2008
Too late Mr Darling ......
MSN: Darling urges pay restraint
Well, well. So now we are all going to listen to this fool! The answer to INFLATION is the same as it was for the Tories : HIGHER INTEREST RATES. And to STOP BORROWING AND PRINTING MONEY. This govt is now being shown up for all the incompetence. I have run my own company for 11 years and have to mange my books accordingly, a lesson a Labour govt will never ever learn. Bit of a sticky corner for Mr Brown after all his claims ' an end to boom & bust'. LOL - I am really enjoying watching this bunch of idiots burn ... shame is the UK has been ruined in the process.
Posted by waitingfor hpc @ 12:46 PM (785 views) Add Comment
9 Comments
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1. techieman said...
WE dont need to listen. Companies wont increase pay awards in the current environment. Wage / Price inflation is a red herring. Now perhaps they are laying the foundation for the "well we did all we could not to allow pay demands to increase, thereby controlling inflation" or if pay demands were to rise inflation would be "your own fault not ours". In any case there is a squeeze on net incomes -as we all know! -This aint the 70s and they know it!
2. montesquieu said...
Unofficial incomes policy? It'll end in tears. As Steve Bell put it in a 1979 cartoon for Time Out (before his move to the Guardian): 'Glug glug Ho Ho Ho six per cent glug glug' as the 1970s labour goverment sank without trace with Sunny Jim - 'crisis, what crisis? ' - at the bridge ...
Karl Marx: 'History repeats, first as tragedy, second as farce'. So much for the high hopes of May 1997.
3. Fatjock said...
Montesquieu
Ahh, the memories of May 1997; I didn't trust Liebour (sic) then and definitely not now. They have become much worse than the 'sleazy' Tories they replaced.
4. wdbeast said...
It is the public sector that is the big worry, how long before they start to strike for better pay settlements?
On top of the increased public sector costs, through increased numbers employed in the public sector, we are still planning to pay pensions that we simply cannot afford, it cannot happen, the money will not be there!
So who is going to reform the public sector, and when?
5. letthemfall said...
wdbeast:
The public sector always becomes the whipping boy in bad economic conditions. Public sector workers mostly earn modest salaries (notwithstanding judges, cabinet members, etc). The only reason the average pay is supposed to be higher is that no one is employed on the rock-bottom wages you get in private companies. Pensions are contributory and rely on 40 years contributions to get a full entitlement (half to 2/3 salary), not so great when you consider most will not have the service or much of a salary at retirement. Yes, it's not a bad deal compared with some hopeless private sector provisions (nowadays), though in the past big companies offered outstanding pensions. Don't blame the public servants for our economic problems. The blame lies more firmly in the hands of highly paid private sector employees.
6. letthemfall said...
"Pay awards in both the private and public sector have to be consistent with our inflation target, which is 2.0 percent."
I see. So pay awards must now be set at this arbitrary figure, even though inflation is actually 4.5% plus. Darling should know what he can do.
"People have been getting pay increases ... particularly in the public sector ... in the last 10 years." Darling said.
The insight of the stupid, or stupid editing?
7. techieman said...
ltf - blame? Thats the wrong word in this case. There is no culpability thats the point - its a red herring. The private sector pay is determind solely by what the employers can get for their goods and services, and how much those employees contribute to that. The public sector employees payment is not dependant on that criteria (thats not to say neccesarily they are inefficient btw). I have no problems with private sector employees - there are some clever people in both sectors. If there is a winter / Autumn etc of discontent then the government wont "give in". And even if they do it wont be for the full amount of what the public sector workers want (i.e. it wont be a victory by the workers although they might try to make it look that way). The days of public sector unions dictating terms are over - now whether thats a good thing or not is a different issue.
8. techieman said...
Sorry getting my privates confused - ouch - obviously meant "I have no problems with PUBLIC sector employees"
9. Wiltshire said...
"We've never had it so good since May 1997" (copyright: Tony Bliar/Crash Gordon). Well the people who swallowed that little lie hook, line and sinker are now waking up to the fact it was all a con. The days when people blindly followed every utterage of Tony and his colleagues are long behind us and I think people are now more likely to the complete opposite of anything that lightweights like Darling suggest.
I believe restraint would be acceptable after those in the boardrooms have lead the way. They've been living high on the hog for ever whilst everyone else shows 'restraint'. I'm amazed how placid we've become in this country.