A high wage economy that is not also a high productivity economy rapidly loses competitivness. That is what the PB Tories are condemning us to. Wage rates that are higher than our competitors are wag… (View Post)

I think it will be sooner, given that the BofE is now flagging interest rate rises THIS YEAR. There has not been a mortgage rate rise for 15 years. 2022 will see the biggest squeeze on living standar… (View Post)

Well, quite. The u-turn will not improve the conditions of UK drivers one iota. and in any event the key margin is the ability of haulier firms to mix and match their schedules across the whole singl… (View Post)

So you do not understand the words "inelasticity of labour supply". Since you do not understand this you continue to spout abject drivel. You are making a fool of yourself. (View Post)

This is the ignorant fallacy at the heart of PBTory/Brexiteer thinking. "If there is insufficent labour, then this can be corrected by paying higher wages". Problem is where the supply of l… (View Post)