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Tuc Comments On Economy

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Anyone else noticed the sudden appearance in last few weeks of comments in the media by TUC 'economists' [LOL!] on the global and UK economy, interest rates, government policy?

Is their new media strategy a result of NuLabs deal with unions last year prior to the election?

Could it be a coincidence that it comes at same time as Gordon Brown stakes to sharing the steering wheel of government?

Will there soon be 70's style beer and sandwiches meetings at No 10?

Its all seeming like Gordon Clown's 70s Labour economic re-run.

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Of the possible scenario's from here on in, this (depressingly) has to be a contender. $1 = £1 anyone?

I've been thinking about this.. and I sure that GB is going to allow it as it saves the debt laden majority. :(

While everyone keeps says it will import inflation, due to a more expensive oil/fuel etc, It will allow room for wage inflation.

Given a 10% fall in the UK pound, and hence a 10% increase in oil/gas, but also then 10% hike in wages, This would keep the percentage spent on oil/gas the same, but lower the debt burden by 10%.

There would be other impacts, but what stops the general principle? <edit> - international trade.. money flows out the country as we import more than export. In closed loop I could see it all working, </edit>

What is to stop wage inflation matching the fall in a devaluing £ ?

Is it possible to just create wage inflation in this manner?

Edited by kinesin

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While everyone keeps says it will import inflation, due to a more expensive oil/fuel etc, It will allow room for wage inflation.

Why?

Why would any British company choose to pay twice as much -- at least in pounds -- to UK workers when it could just ship most of the jobs abroad for a fraction of the cost?

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i think the TUC, worried about the WAGON WHEELS coming off the economy are looking to form a BREAKAWAY splinter group. a few members took a TAXI to CLUB where they had a HOB NOB about the costs of local government and the GARIBALDI councils that refuse to save a DIME and spend MARATHON amounts of taxes on junkets taking ex liberal leaders, chris evans and other GINGER NUTS to the RITZ and to CURLEY WURLEYS strip club..

some of the local councils were spending out of all national control and simply were taking the biscuit.

said TUC spokesman Rich Tea.

nice.

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Anyone else noticed the sudden appearance in last few weeks of comments in the media by TUC 'economists' [LOL!] on the global and UK economy, interest rates, government policy?

Is their new media strategy a result of NuLabs deal with unions last year prior to the election?

Could it be a coincidence that it comes at same time as Gordon Brown stakes to sharing the steering wheel of government?

Will there soon be 70's style beer and sandwiches meetings at No 10?

Its all seeming like Gordon Clown's 70s Labour economic re-run.

The TUC has had an economics department for decades and have never stopped commenting on the UK economy. And why the hell shouldn't they? They have a perfectly legitimate interest in doing so and their view is at least as relevant as the advice coming from the city and financial institutions, who bear a a much bigger responsibility in the shaky state of the UK economy, including HPI.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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