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Brown: Let Me Be Straightforward With You; Pay Discipline Is Essential To Prevent Inflation

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http://uk.reuters.com/article/domesticNews...K00017720070910

Brown says pay control needed to keep inflation down

Mon Sep 10, 2007 12:01PM BST

BRIGHTON (Reuters) - Prime Minister Gordon Brown held firm on Monday over maintaining tight controls on public sector pay in the face of strike threats by more than a million public sector workers.

"Let me be straightforward with you; pay discipline is essential to prevent inflation, to maintain growth and create more jobs," said Brown in his first speech to the Trades Union Congress as prime minister.

Brown has insisted public sector pay rises should be linked to the government's 2 percent inflation target, but unions are angry that this does not reflect the true rise in the cost of living as prices have been rising much faster than that.

How dare can workers not settle with 1.9% pay rise when real inflation is over 5% & HPI is over 10%?

Let me be straightforward with you Mr Brown; your debt-ridden economy has been built on borrowed money and now is on borrowed time. You'd have to do much better than tough talking to cover up the highest consumer debt levels, in recorded history, to keep your miracle alive!

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http://uk.reuters.com/article/domesticNews...K00017720070910

How dare can workers not settle with 1.9% pay rise when real inflation is over 5% & HPI is over 10%?

Let me be straightforward with you Mr Brown; your debt-ridden economy has been built on borrowed money and now is on borrowed time. You'd have to do much better than tough talking to cover up the highest consumer debt levels, in recorded history, to keep your miracle alive!

I watched him live and he was spouting the usual. Reciting that the Tories policies had lead to 4 million job losses, an inflation fuelled boom follow but bust. He went on to say we cannot and will not return to these bad times of 15 years ago with mortgages rates at 15% and property prices crashing. He was getting a lot of claps, at one point I think even he was surprised how this b’’#’#!t was being lapped up!

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Pay increases have absolutely nothing to do with inflation.

Inflation is an increase in the supply of money.

Do pay increases increase the supply of money? No – then it’s not inflationary.

Banks create inflation by increasing the money supply and the government allows them to do it. All inflation is therefore the fault of banks and governments.

If people want pay increases then it is only to try to counter the money that has been stolen from them.

Brown is just trying to divert the cause from him and his city mates to the public – git.

Edited by WiseBear

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Guest Bart of Darkness
Let me be straightforward with you; pay discipline is essential to prevent inflation

Now I'm no economics expert and would be the first to admit such, but doesn't the money supply influnce inflation just a tad?

Or does it only influence "real inflation" figures not Brown's "goodthinkful inflation" figures.

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He is a devout socialist.

Read it as it should be read.

"Let me be straightforward with you; pay discipline is essential to prevent inflation, to maintain growth and create more jobs, unless of course we are talking about ministers salarys or pensions"

Socialism dont you just love it!!!!!!!!!!!!!.

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Guest Bart of Darkness
Pay increases have absolutely nothing to do with inflation.

Inflation is an increase in the supply of money.

Do pay increases increase the supply of money? No – then it’s not inflationary.

Thanks WiseBear, I thought that was the gist of it.

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Pay increases have absolutely nothing to do with inflation.

Inflation is an increase in the supply of money.

Do pay increases increase the supply of money? No – then it’s not inflationary.

Banks create inflation by increasing the money supply and the government allows them to do it. All inflation is therefore the fault of banks and governments.

If people want pay increases then it is only to try to counter the money that has been stolen from them.

Brown is just trying to divert the cause from him and his city mates to the public – git.

I dunno, I reckon a 10% across the board public sector pay round would put some money into the system.

He would have to create the money from nowhere to do it, and/or raise more taxes on the rest of us.

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I dunno, I reckon a 10% across the board public sector pay round would put some money into the system.

He would have to create the money from nowhere to do it, and/or raise more taxes on the rest of us.

If he creates the money then he is creating the inflation.

If he raises taxes then he changes the flow of money not the amount of money so it's not inflationary.

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If he creates the money then he is creating the inflation.

If he raises taxes then he changes the flow of money not the amount of money so it's not inflationary.

Agreed, but Gb doesnt care about inflation, what he cares about is CPI, two slightly different things IMO.

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Got to keep the surfs down, otherwise they might twig that all that bail out money for the banks will devalue their wages. We can't have that can we !

What WILL cause inflation is the great banking bail out, which will come shortly. All of this will be done 'in the public interest' 'cause we can't have banks going bust due to their reckless lending can we ?

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He is a devout socialist.

Read it as it should be read.

"Let me be straightforward with you; pay discipline is essential to prevent inflation, to maintain growth and create more jobs, unless of course we are talking about ministers salarys or pensions"

Socialism dont you just love it!!!!!!!!!!!!!.

laurejon, your pro-tory, pro-environmental collapse propaganda is getting even thinner. How on earth can what brown has just said i.e. workers, you will have to accept a pay cut possibly be construed as socialism?

Brown is a Keynesian neo-liberal (if the two are not too contradictory), not a socialist.

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I watched him live and he was spouting the usual. Reciting that the Tories policies had lead to 4 million job losses, an inflation fuelled boom follow but bust. He went on to say we cannot and will not return to these bad times of 15 years ago with mortgages rates at 15% and property prices crashing. He was getting a lot of claps, at one point I think even he was surprised how this b’’#’#!t was being lapped up!

I can't believe the fact that he was getting a lot of claps for this crap! No wonder he is the PM of this nation when it comes to the stupidity of voters SKY is the limit.

£50,000 mortgage @ 15% rate; £645pm. Today same house cost £200K @ 6% £1303pm and if we ever go back to 15% rates today's debt would cost £2578.

Give me, if you dare, 15% rates with a capital debt of £50K anyday Mr Brown as rates may fluctuate and get better but £200K debt is not going anywhere with 2% inflation target.

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http://uk.reuters.com/article/domesticNews...K00017720070910

How dare can workers not settle with 1.9% pay rise when real inflation is over 5% & HPI is over 10%?

Let me be straightforward with you Mr Brown; your debt-ridden economy has been built on borrowed money and now is on borrowed time. You'd have to do much better than tough talking to cover up the highest consumer debt levels, in recorded history, to keep your miracle alive!

Foreclosure of a dream.

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Pay increases have absolutely nothing to do with inflation.

Inflation is an increase in the supply of money.

Do pay increases increase the supply of money? No – then it’s not inflationary.

Banks create inflation by increasing the money supply and the government allows them to do it. All inflation is therefore the fault of banks and governments.

If people want pay increases then it is only to try to counter the money that has been stolen from them.

Brown is just trying to divert the cause from him and his city mates to the public – git.

Surely public sector pay rises are inflationary if they are made possible by borrowing?

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If we have a bust, inflation and recession it will be all the fault of those damn canteen ladies and dustman.

Selfish bastards!

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If we have a bust, inflation and recession it will be all the fault of those damn canteen ladies and dustman.

Selfish bastards!

I agree, and it would have nothing to do with the 15% annual inflation of the money supply = speculative HPI bubble over the last 10 years or so. So long as there is someone to blame everything is ok.

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Decent homes and decent pay

How very dare they!

"If nurses and teachers can't afford it, how on earth will our cleaners, our teaching assistants, our porters, survive?" he asked.

Dont worry about the cleaners, teaching assistants and porters, we can get the polish immigrants to do that for below minimum wage.

Edited by Fudge

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Guest KingCharles1st

can anyone let me know what time the tasty bird with the one piece glitterybody stocking & fishnets comes on and gives him a hat, rabbit, and wand...

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If he creates the money then he is creating the inflation.

If he raises taxes then he changes the flow of money not the amount of money so it's not inflationary.

Sorry WB, not clear there, they were my 2 alternatives. I was expecting the printing of money not redistribution of it.

The Brown speech sounds to me like they know what the next set of Inflation figures are going to be. :)

Not that anyone will stop themselves from asking for more.

The greater good argument never works.

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Pay increases have absolutely nothing to do with inflation.

Inflation is an increase in the supply of money.

Do pay increases increase the supply of money? No – then it’s not inflationary.

Banks create inflation by increasing the money supply and the government allows them to do it. All inflation is therefore the fault of banks and governments.

If people want pay increases then it is only to try to counter the money that has been stolen from them.

Brown is just trying to divert the cause from him and his city mates to the public – git.

If he uses government borrowing to fund the pay increases he would be inflating the money supply.

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If he creates the money then he is creating the inflation.

If he raises taxes then he changes the flow of money not the amount of money so it's not inflationary.

I doubt taxes are going up. If anything they are going to have to come down to stimulate the economy in the future. Let's see now, does the government borrow money in addition to raising taxes... O yes! Inflation!

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