Monday, January 8, 2007
Pay deals show true inflation
Pay settlements 'on the increase'
New pay deals are increasing because of pressure from rising inflation, a survey has suggested. Incomes Data Services (IDS) said its first snapshot survey of the year put wage settlements at about 4%, up from 3% in the last three months of 2006.
Posted by harold @ 09:56 AM (500 views)
4 thoughts on “Pay deals show true inflation”
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tyrellcorporation says:
Ha bloody ha… the dreaded wage inflation – price inflation spiral is here. Incompetent a**holes at the MPC/BoE have let the beast loose!
Now this is going to get interesting…
talking rot says:
I am surprised it is only 4%. I wonder if the Office of Notional Statistics inflation calculator will lead to higher wage demands.
Interesting piece on this morning’s Radio 4 “Today” programme. Apparently immigration does not force wages lower because these has been an increase in the number of jobs around – this explains why Employment is higher.
Get those wage demands in …
sirgoogle says:
So the 49 out of 50 economists are wrong and the markets are right (see later article posted).
There is no excuse for not raising IRs on the 11th.
paul says:
Yeah you’re kind of right sirgoogle.
The warning signs are all there. Only complacency and incompetence can stand in the way of sensible inflation management.