High Inflation, Public Sector Job Losses And Static Wages For All

[lufc]

IMHO cpi will hit > 3.5% within the first six months of 2011, maybe a whole lot more if the Boe does embark on QE2 and sterling takes a big hit.

I wonder what the unions will make of that or maybe as Newsnight pointed out a couple of weeks ago, given the amount of household debt workers will just be happy to hang on to their jobs and accept a lower standard of living.

Having reluctantly just spent a pre Xmas afternoon in a local retail park, it appears to me that Joe Public have no fear as yet, or are they just stupid ????

Edited November 21, 2010 by lufc