Unemployment must be higher to keep a lid on inflation, Bank of England’s Huw Pill claims

18 comments
  1. Always remember, if you are unemployed, it’s your fault. Even if the elites need you to be.

  2. But this isn’t domestic fueled inflation where interest rate increases act like a break. This is an international commodity inflation that is only compounded by domestic interest rate increases.

  3. Thatcher did exactly this. The then Tory government tried to hide unemployment by various means, like the ‘enterprise grsnt’. They changed the way unemployment figures were counted about 20 times.

  4. Unemployment doesn’t need to be higher, corporate greed needs to be lower. Look at the excessive profits oil and supermarket companies have made at a time of hardship, the excessive bonuses and pay rises given to executives – that is what is driving inflation. Tax them to high heaven and watch what happens to inflation.

  5. I was going to say, okay, start with him.
    But he’d just get a golden handshake and be set even if kept unemployed for years.

    Arsehole.

    They do like to come up with more and more things that are to blame for inflation, and it generally seems to be “workers bad”, never profits too high, or the top 10% of earners that are to blame.

  6. People are just cattle and pawns to get the rich more money. It’s time we stood up to change and demand to be valued as human beings not just some insignificant numbers to facilitate the elites.

  7. Reasonably low but not zero rates of unemployment are not a problem, the problem is how we treat those who are unemployed.

  8. Must have more people on benefits, but also must continue punishing them with sanctions for being on benefits. Just be honest for once and say you want more people dead.

  9. This is pure capitalism. High unemployment to keep wages down and conditions shit. “Don’t like it, there’s plenty of unemployed people who will take your job”

  10. Oh aye? Then Mr Pill will be happy to ensure by pressuring the PM, that everyone on unemployment is protected from poverty related causes of death, like exposure, starvation, neglect and such?

    No? Didn’t think as much.

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