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UK Wage Growth inflation going through the roof... Bank of England asleep at the wheel


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OUCH: 

"Broadbent notes a mismatch in the supply and demand for labour across the UK during the reopening process has helped put near-term pressure on wages, an important driver of inflation that the Bank cannot simply ignore.

"The behaviour of labour costs will for me be important in judging the appropriate stance for monetary policy. This won’t be straightforward," said Broadbent."

The Bank of England is shifting... bit by bit. It will be too late by the time they act, of that we can be sure. 

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10 hours ago, gruffydd said:

OUCH: 

"Broadbent notes a mismatch in the supply and demand for labour across the UK during the reopening process has helped put near-term pressure on wages, an important driver of inflation that the Bank cannot simply ignore.

"The behaviour of labour costs will for me be important in judging the appropriate stance for monetary policy. This won’t be straightforward," said Broadbent."

The Bank of England is shifting... bit by bit. It will be too late by the time they act, of that we can be sure. 

Not really, he's simply warning that inflation can be tolerated if it increases prices and profits. 

It'll only be stopped if it goes into peoples wages

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The very fact he's flagging wage inflation is indicative of a shift... 

8 minutes ago, msi said:

Not really, he's simply warning that inflation can be tolerated if it increases prices and profits. 

It'll only be stopped if it goes into peoples wages

 

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14 minutes ago, msi said:

Tesco offers £1,000 joining bonus for HGV lorry drivers

Every trick to avoid pushing wages up.  Can see this escalating.

Why is it socially acceptable to justify MPs and bankers wages with 'that's what you pay for talent' and nurses' salaries with 'hard working and qualified' etc. 

But then there's some kind of national hissy fit when HGV drivers salaries should go up?

WTF??

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2 minutes ago, Si1 said:

Why is it socially acceptable to justify MPs and bankers wages with 'that's what you pay for talent' and nurses' salaries with 'hard working and qualified' etc. 

But then there's some kind of national hissy fit when HGV drivers salaries should go up?

WTF??

Why is it acceptable to pay MPs double digit increases as that is for 'talent' but nurses get 'what is affordable' alongside the vitriol even on these forums for being 'overpaid'?

CEOs get 'market' rates but paying shop floor staff more than minimum wage 'damages' the economy by being inflationary?

...and yet the loons here drool about 'socialism' destroying us....

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13 minutes ago, msi said:

Why is it acceptable to pay MPs double digit increases as that is for 'talent' but nurses get 'what is affordable' alongside the vitriol even on these forums for being 'overpaid'?

CEOs get 'market' rates but paying shop floor staff more than minimum wage 'damages' the economy by being inflationary?

...and yet the loons here drool about 'socialism' destroying us....

CEOs of charities get many multiples of what their volunteers earn....that is zilch....very special worthy people that are hard to replace.;)

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5 hours ago, winkie said:

CEOs of charities get many multiples of what their volunteers earn....that is zilch....very special worthy people that are hard to replace.;)

Clue's in the name - CEO gotta keep up with those FTSE Jones's.

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