David,Putting aside that the Labour leadership position is almost identical to the Conservatives - it is difficult to discuss wages without including real wage. Real wages are meaningless unless housing and mortgage costs are included.In short housing and utilities need to be addressed not just wages. Thatcher's failed policies need to be tackled not polished (even with kiwi)! "Since 1989, the biggest driver of Consumer Prices Index including owner occupiers’ housing costs (CPIH) growth has typically been housing and household services, which includes gas and electricity prices. At its peak in December 1990, housing and household services was contributing 4.26 percentage points to the 9.2% 12-month growth rate of CPIH. This reflected high price growth for gas (9%), electricity (9.1%) and owner occupiers’ housing costs (12%).In 2022, inflation has once again been broad based, with all divisions of CPIH making positive contributions to the 12-month rate since August 2021. Oil price shocks and world prices for food are also contributing to inflationary pressures."https://www.ons.gov.uk/economy/inflationandpriceindices/articles/consumerpriceinflationhistoricalestimatesandrecenttrendsuk/1950to2022
Ed Robinson ● 1126d