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My problem here isn't about real terms (which you might notice I didn't even say). It's about the fact that in a cost of living crisis this article even exists. It's incredibly tone deaf and feels very much like a "ooh look at the shiny" slight of hand. "Things can't be that bad, look wages are growing!" Does that sound like an accurate assessment of the economic situation here right now?
Yes, wages have grown - that's great but it's not particularly relevant when a lot of people are reliant on food banks to eat. Including those who have had an 8% pay rise.
Having more money is great, but only when you can actually get more with it.
I may be wrong but I believe the article is paraphrasing the "be modest with your payrise expectations or we'll have inflation!" nonsense from a few months ago.
Like yh, that's the problem, nothing to do with a quarter trillion pumped in the the economy during COVID or Brexit.
The elite are once again trying to saddle the common man with the downfalls of the economy whilst they continue to laugh all the way to the bank.
Sorry if I got the wrong end of the stick with your comment.
@13esq @BowserDelta
Money is, at root, promises.
Fungible, serialised, abstracted, standardised, but based on promises.
Inflation occurs when the promises are less completely believed.
I do not say other things could not cause inflation, but a vast liar leading a party of liars, cheats, thieves and incompetents must lead to devaluation of the country's promises.