It's the weakness of a Presidential system that so much depends on the personality of the President, as he is unconstrained in the way a Prime Minister is by the legislature, the Cabinet, and in our … (View Post)
It didn't cave in across the public sector - just to some heavily unionised groups. The remainder will have to wait for their increases in the public sector pay round (I think 2.8% in April). What we… (View Post)
If it's not matched by productivity growth, which has been pretty dismal, then it will simply translate into inflation down the line. The poor performance of our economy in the post-war years wasn't … (View Post)