Doesn't matter, growth is growth.
The country is on the right track and that is what really counts.
Brexit red tape hits UK manufacturing of goods from cars to fridges
- Thread starter SirGalahad
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The country is on the right track and that is what really counts.
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What you think will happen to interest rates and inflation.
Doesn't matter, growth is growth.
The country is on the right track and that is what really counts.
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In what sense. Most countries are seeing growth. What matters is the type of growth. Look at our overheating property market.
Growth is growth is really a poor way to look at it. If the growth is through unsustainable debt, overheating asset prices etc then growth for the sake of growth is more ideology and fetish than pragmatism.
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You need to look at disposable income not wage growth.
A good dose of inflation may not be such a bad thing.
Inflation is a device to wear diwn capital debt.
wage inflation doesn’t mean more money if an economy has rising inflation.
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The all forget the money has to come from somewhere and if its not coming from productivity increases, new investments etc its cominfg from debt.
Tesco i believe is offering a £1000 signing on fee to for HGV drivers because then cant get any.
There is going to be a severe shortage of labour, that in itself should mean higher wages will have to be paid.
If certain sectors of the economy have a shortage of labour that cannot be met domestically then bring in labour from abroad to fill the gaps but as long as the import of foreign labour is strictly regulated there shouldn't be a problem.
Yes, but it can reduce capital debt because the money owed to the foreign moneylenders is reduced in value.
PMSL...
How do you 'import' that 'foreign labour' without freedom of movement and given the wage limits/restrictions imposed?
Brexiteers sure are thick as sh*t!
It is dead easy, Britain has been doing it for centuries.
"foreign moneylenders" will be aware of the risks of loss due to currency fluctuations, and are likely to have enough sense to only agree to a debt denominated in a currency of their choice.
The all forget the money has to come from somewhere and if its not coming from productivity increases, new investments etc its cominfg from debt.
For the past ten years or more, despite economic growth and productivity gains, wages have been stagnant and not increased in real terms.
Where has the extra money gone? Into the pockets of investors, speculators and company bosses, and hidden accounts in offshore tax havens.
Every pound that Philip Green spent on his yachts is a pound that didn't go into the wages or the pension funds of his employees.
It is a mistake to assume that the same pattern will continue forever.
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