Our debt levels mean increasing interest rates makes it really hard for the government.
As I recall every 0.5% increase in interest rates means an increase in our debt repayments equal to our defense budget.
It’s always “make workers pay”. Never the multimillionaires and billionaires, never the corporations sitting in record profits.
QE….. has to be paid back by the only customer that is not allowed to default…. the tax payer.
Workers have been paying for the greed of the rich since 2008.
I can’t “Pay” any more than I am already.
how about one of these bellends sell their yacht?
The bank of England works for London, the financial giants in the city so no shit.
Inflation is the process of equalisation between supply and demand.
Obviously making demand smaller by reducing peoples readily available cash.
Anyone who was pro covid bailouts (in almost any form) is responsible for this.
How about, we Raise wages AND LOWER taxes? Honestly bring VAT down to 15%.
Even Henry VII the tax monster taxed the rich as well as the poor.
Maybe the working class need to start boycotting such corporations.
I know this is a big ask, but could someone explain inflation to me? I thought I understood it until I saw the Bank of England saying not to ask for big raises. Is that not part of inflation? If we don’t ask for raises does that not mean inflation is somewhat reduced at the expense of the workers?
Is that a tacit admission that those at the top do not work? Or at least not as much as those lower down? The working class can only pay so much, which is becoming less as the wealthy, those who are doing their best to avoid paying taxes, are hoarding all of it themselves. Workers cannot pay when they barely get paid anymore.
I feel like the narration is beat the working class into submission, is that right?
Workers should quit and make their money elsewhere.
Surely we are crossing a point where loads of industries are fucked.
No one will eat out or buy coffee as often. People won’t buy new furniture or tv’s.
Without helping wages then the economy is going to die a death. Unless those billionaires start buying for everyone
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Our debt levels mean increasing interest rates makes it really hard for the government.
As I recall every 0.5% increase in interest rates means an increase in our debt repayments equal to our defense budget.
It’s always “make workers pay”. Never the multimillionaires and billionaires, never the corporations sitting in record profits.
QE….. has to be paid back by the only customer that is not allowed to default…. the tax payer.
Workers have been paying for the greed of the rich since 2008.
I can’t “Pay” any more than I am already.
how about one of these bellends sell their yacht?
The bank of England works for London, the financial giants in the city so no shit.
Inflation is the process of equalisation between supply and demand.
Obviously making demand smaller by reducing peoples readily available cash.
Anyone who was pro covid bailouts (in almost any form) is responsible for this.
How about, we Raise wages AND LOWER taxes? Honestly bring VAT down to 15%.
Even Henry VII the tax monster taxed the rich as well as the poor.
Maybe the working class need to start boycotting such corporations.
I know this is a big ask, but could someone explain inflation to me? I thought I understood it until I saw the Bank of England saying not to ask for big raises. Is that not part of inflation? If we don’t ask for raises does that not mean inflation is somewhat reduced at the expense of the workers?
Is that a tacit admission that those at the top do not work? Or at least not as much as those lower down? The working class can only pay so much, which is becoming less as the wealthy, those who are doing their best to avoid paying taxes, are hoarding all of it themselves. Workers cannot pay when they barely get paid anymore.
I feel like the narration is beat the working class into submission, is that right?
Workers should quit and make their money elsewhere.
Surely we are crossing a point where loads of industries are fucked.
No one will eat out or buy coffee as often. People won’t buy new furniture or tv’s.
Without helping wages then the economy is going to die a death. Unless those billionaires start buying for everyone