Brexit and the waning days of the United Kingdom

[Josquius]

]

I don't really see how standing for pay increases in line with inflation for select unions (like transport) would play all that well with the rest of the country.

[garbon]

]

I don't really see how standing for pay increases in line with inflation for select unions (like transport) would play all that well with the rest of the country.

[

[crazy canuck]

You two make a cute pair of brackets

[Sheilbh]

I don't really see how standing for pay increases in line with inflation for select unions (like transport) would play all that well with the rest of the country.

I'd say their stance should be workers in every sector across the country shouldn't be getting a real terms pay cut and that they back workers getting a raise at inflation.

And that they'll support workers who are having to take industrial action because an ideologically motivated government won't even negotiate properly.

Edit: And if part of it is to get a fight with the left he's got that - no deleted but Owen Jones tweeting:

If you see Keir Starmer out and about, call him what he is - a conman and a liar - and film it.

Enough of letting our politicians getting away with this grotesque level of dishonesty.

Incidentally we're a fairly safe country so it carries less menace than the US but adding this to my general view that the most Trumpish force in British politics in recent year has been Corbyn and his supporters.

[Admiral Yi]

Supporting pay raises means you can't bitch about inflation.

[Sheilbh]

I don't see why.

[Admiral Yi]

Because rising wages fuel inflation.

[Syt]

Because rising wages fuel inflation.

And wages that don't keep pace with inflation can lead to reduced consumer demand, putting the screws on economic growth. And that in a country where governments have held a course of austerity for quite a long time IIRC.

[Tamas]

Yeah after we (as in most of the world) spent over a decade fuelling an insane asset bubble with what practically amounts to money printing (except limited to institutions and not consumers), I am NOT on the side of trying to contain its eventual overboil by asking people to take it on the chin and don't ask for more money. If we are so worried about people overspending, hike interest rates, deflate the bloody bubbles.

[Admiral Yi]

And wages that don't keep pace with inflation can lead to reduced consumer demand, putting the screws on economic growth. And that in a country where governments have held a course of austerity for quite a long time IIRC.

Which is exactly what hiking interest rates is intended to accomplish.  Depress demand for new homes, business investment, consumer credit.

[garbon]

Yeah after we (as in most of the world) spent over a decade fuelling an insane asset bubble with what practically amounts to money printing (except limited to institutions and not consumers), I am NOT on the side of trying to contain its eventual overboil by asking people to take it on the chin and don't ask for more money. If we are so worried about people overspending, hike interest rates, deflate the bloody bubbles.

I understand expecting people to ask for wage increases. I don't know why a political party (and one always accused of being dodgy on finance) would want to take Sheilbh's stance of claiming everyone should get a wage increase to keep up with inflation.

[Tamas]

Yeah after we (as in most of the world) spent over a decade fuelling an insane asset bubble with what practically amounts to money printing (except limited to institutions and not consumers), I am NOT on the side of trying to contain its eventual overboil by asking people to take it on the chin and don't ask for more money. If we are so worried about people overspending, hike interest rates, deflate the bloody bubbles.

I understand expecting people to ask for wage increases. I don't know why a political party (and one always accused of being dodgy on finance) would want to take Sheilbh's stance of claiming everyone should get a wage increase to keep up with inflation.

Same reason why the Leavers were making outrageous financial claims about the benefits of Brexit.

[Admiral Yi]

(except limited to institutions and not consumers)

I suspect at least one or two people took out mortgages int he last 14 years.

[Tamas]

(except limited to institutions and not consumers)

I suspect at least one or two people took out mortgages int he last 14 years.

 

 We used to give scraps of food to our dog, yet the reason for making lunch was us and the main beneficiaries of it were us.

But yes, availability of cheap credit fueled the asset bubble on all levels, many benefited and many more did not. And no, I am not going to answer your upcoming brief questions on supporting more data to confirm this isn't the fault of a decade-long failed monetary policy designed to kick the can down the road.

[Admiral Yi]

Presumably the dog enjoyed the fact that the economy didn't crater after 2008 too.  Or after the PIIGS crisis.

Your "monetary policy is for the rich" is straight out of Occupy Wall Street.