Mr H Kane esq is allegedly going to be offered £400k per week to stay with Spurs. No doubt some olieagineous (Tory) politico will jump on this as he is a footballer. Meanwhile the BOE claim inflation is caused by wage rises. HK will/would be included in the average calculation but Rish! and co are positively adamant that teachers, nurses and doctors are the enemy within. whilst silent on the attached and complacent over the potential £500 per month mortgage rises. How did we get here? Rhetorical question really.
There was an IMF banker, and a trader from the American money channel reporter on the square box the other day. They said that it was the international, multinational companies that started the rise in inflation, to make a killing on the commodities market, with the extortionate raise in power prices, the government's lack of control of finances, after the mini budget, which started a run on the pound making borrowing more expensive. The gilts markets, worried about the after effects of this, raised borrowing for debt. The banks and financial markets reacted with higher rates, which of course raised interest on mortgage rates. And so on.
They added that, in no way could pay awards to the public sector can directly cause any inflation directly. As, it doesn't add to the cost of service, being free at point of service.
The problem with Tory dictat, on all this, is that they will never grow the economy because everything that has happened is actually shrinking and debilitating any chance of growth because very little is getting spent to the small buisnesses, self employed, shops, retail sector and the likes of building houses have slumped. The huge population of the U.K. have stopped spending on their little luxeries!
The money you have and spend, which should help the economy, because of the ownership of the many big corporations, companies. Are now, not british, so the profit, the running costs the tax which is avoided by these multinationals are going elsewhere! And the investment in Britain has dropped alarmingly. It is going abroad.
the after effect of brexit, which means we have a self imposed tariff, restrictions, red tape, paperwork, makes it far more expensive to trade, with the ever increasing reliance of imported food, imported goods and the decreasing number of workers, not much is going anywhere near right for this right wing swivel eyed loons!
How did the right, get it so wrong?
Using 19th century policies that won't work in the 21st century. We can't afford, this lot!
The country is not fit for purpose!