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BOSH BOSH LOADSA DOSH

By Pete Moore On September 10th, 2019

On the day that Grandad Semtex slams the Tories for “the biggest squeeze on wages since the Napoleonic wars”, more bad news for Labour:

Wages have continued to grow at a strong pace and employment remains at record highs, official figures show.

Earnings excluding bonuses grew at an estimated annual pace of 3.8% in the May to July period, down slightly from the previous reading.

Including bonuses, wages rose at an annual pace of 4% – the highest rate since mid-2008.

Some wage squeeze that is. All while the chaotic chaos of a chaotic cliff edge Brexit halts the economy!

5 Responses to “BOSH BOSH LOADSA DOSH”

  1. This good news is because we are trading within the EU single market and Customs Union. Long may such a sensible situation continue.

  2. Colm

    The economy has gone up and down whilst we are in the EU and, will continue to do that after we have left. The difference between the UK and Euro countries is, the UK issues its own currency.

  3. Pete Moore: “Wages have continued to grow at a strong pace and employment remains at record highs, official figures show.”

    That may be true, but Inflation has also continued to grow faster.

    You’d have to spend £244.40 to get the same purchasing power today as you could get with £100 in 1989. Just 30 years and the purchasing power of sterling has been more than halved.

  4. And the government is boasting about it.

    https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

  5. Yes. The BOE has an inflation target of 2 per cent. So it has an official target to erode the value of our money extremely quickly.