BREXIT - Is This Really Still Rumbling On? 😴
Comments
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TheBigBean said:
Yes I know, but if the NI government put forward something with cross party support that doesn't require GB or Ireland to change, then it would be very compelling. They are much more aware of what works and what doesn't than the UK government and the EU.tailwindhome said:
The Northern Ireland parties don't have the agency to decide either of those two items.TheBigBean said:
It's not that I disagree with your point completely, it's just that proposals such as SPS agreements require everyone else outside of NI to compromise for the benefit of NI.tailwindhome said:
OKTheBigBean said:
If everyone in NI agreed that the preferred solution would be to have goods checked on both borders then the rest of the world would be perfectly happy. Everyone in NI would be equally inconvenienced and irritated.tailwindhome said:
I don't really get the point you're trying to make.TheBigBean said:
Yes, and the population of NI voted against Brexit, so that could be cancelled as an act of unity. These are all still solutions that require other people to do stuff. It would be possible, in theory, for NI to agree something that respects the wishes of GB and ROI as well.tailwindhome said:
They didTheBigBean said:
If Stormont presented a united view on Brexit, it would be hard to ignore, so it is easy to say that the issue lies with the actions of others, but I'm not sure it is really true.tailwindhome said:
Nope. The difference is that the negotiations which will lead to resumption aren't in the gift of the parties in StormontTheBigBean said:
Every MLA voted to reject the Withdrawal Agreement
Every MP voted to reject the Withdrawal Agreement
Clearly, that's a pointless solution, but it is possible for something else to be agreed that shows compromises. Of course, that then needs to be put to the EU/UK, but it would be much more compelling place to start.
For example, do Sinn Fein really care which country sets VAT on domestic heating?
I said that the difference in this crisis was that negotiations weren't in the gift of the local parties
You seemed to disagree but have twice pointed out that any solution has to be accepted by the EU and the UK.
The only example solution you come up with you recognise as pointless
All 5 parties have publicly stated that an SPS/Veterinary agreement between the EU and UK is a solution that is workable and that they would support. They could agree that in the morning
What I'm saying is that NI itself could try to come up with an idea whereby its population accepts compromises on a cross community basis. Unionists are happy for cows to be checked on arrival. Nationalists should be happy with UK VAT on heating. Keep going until the pain is shared.
I don't expect you to agree.
My uninformed guess is that if the DUP is prepared to scupper everything to get their way that 'cross-party support' is unlikely for anything: pragmatism takes a back seat to dogmatism.0 -
As an innocent bystander I would say it is not about sharing the pain to do what is best for NI.TheBigBean said:
It's not that I disagree with your point completely, it's just that proposals such as SPS agreements require everyone else outside of NI to compromise for the benefit of NI.tailwindhome said:
OKTheBigBean said:
If everyone in NI agreed that the preferred solution would be to have goods checked on both borders then the rest of the world would be perfectly happy. Everyone in NI would be equally inconvenienced and irritated.tailwindhome said:
I don't really get the point you're trying to make.TheBigBean said:
Yes, and the population of NI voted against Brexit, so that could be cancelled as an act of unity. These are all still solutions that require other people to do stuff. It would be possible, in theory, for NI to agree something that respects the wishes of GB and ROI as well.tailwindhome said:
They didTheBigBean said:
If Stormont presented a united view on Brexit, it would be hard to ignore, so it is easy to say that the issue lies with the actions of others, but I'm not sure it is really true.tailwindhome said:
Nope. The difference is that the negotiations which will lead to resumption aren't in the gift of the parties in StormontTheBigBean said:
Every MLA voted to reject the Withdrawal Agreement
Every MP voted to reject the Withdrawal Agreement
Clearly, that's a pointless solution, but it is possible for something else to be agreed that shows compromises. Of course, that then needs to be put to the EU/UK, but it would be much more compelling place to start.
For example, do Sinn Fein really care which country sets VAT on domestic heating?
I said that the difference in this crisis was that negotiations weren't in the gift of the local parties
You seemed to disagree but have twice pointed out that any solution has to be accepted by the EU and the UK.
The only example solution you come up with you recognise as pointless
All 5 parties have publicly stated that an SPS/Veterinary agreement between the EU and UK is a solution that is workable and that they would support. They could agree that in the morning
What I'm saying is that NI itself could try to come up with an idea whereby its population accepts compromises on a cross community basis. Unionists are happy for cows to be checked on arrival. Nationalists should be happy with UK VAT on heating. Keep going until the pain is shared.
I don't expect you to agree.
Like Brexit it is about ideology.
One side will have to lose0 -
I don't remember seeing this at the time, but it as apposite now as it was then:
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“New York has the haircuts, London has the trousers, but Belfast has the reason!0
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For background, the woman in the yellow suit is is Martina Anderson, former MLA, former MEP and convicted IRA lifer.briantrumpet said:I don't remember seeing this at the time, but it as apposite now as it was then:
Her bit part in the Brexit negotiations has been somewhat forgotten. Following the 2017 December Report , and David Davis's ill-fated she was influential in ensuring the EU'S interpretation of the report was converted to legal text, on the (reasonable) basis that the UK couldn't be trusted
She was unceremoniously deselected by Sinn Fein for the MLA elections in her home city Derry. They never said why, other than that she'd resigned - and not to speak ill of convicted bombers, but clearly it was because she was mad as a box of frogs“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
Thanks.tailwindhome said:
For background, the woman in the yellow suit is is Martina Anderson, former MLA, former MEP and convicted IRA lifer.briantrumpet said:I don't remember seeing this at the time, but it as apposite now as it was then:
Her bit part in the Brexit negotiations has been somewhat forgotten. Following the 2017 December Report , and David Davis's ill-fated she was influential in ensuring the EU'S interpretation of the report was converted to legal text, on the (reasonable) basis that the UK couldn't be trusted
She was unceremoniously deselected by Sinn Fein for the MLA elections in her home city Derry. They never said why, other than that she'd resigned - and not to speak ill of convicted bombers, but clearly it was because she was mad as a box of frogs
On a different matter, is Frost wearing the same smug grin that Johnson uses when he's rumbled?0 -
Signs of a Brexit bonus happening in Turin. France and Germany love us now1
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How do you feel about having convicted bombers in parliament? It doesn't seem like the best way for Sinn Fein to distance themselves from their past.tailwindhome said:
For background, the woman in the yellow suit is is Martina Anderson, former MLA, former MEP and convicted IRA lifer.briantrumpet said:I don't remember seeing this at the time, but it as apposite now as it was then:
Her bit part in the Brexit negotiations has been somewhat forgotten. Following the 2017 December Report , and David Davis's ill-fated she was influential in ensuring the EU'S interpretation of the report was converted to legal text, on the (reasonable) basis that the UK couldn't be trusted
She was unceremoniously deselected by Sinn Fein for the MLA elections in her home city Derry. They never said why, other than that she'd resigned - and not to speak ill of convicted bombers, but clearly it was because she was mad as a box of frogs0 -
Ask the EU, they are proposing it.kingstongraham said:
Why did it never happen while we were in the EU then?Stevo_666 said:
It would if we were still in the EU, clearly.kingstongraham said:Of course, it never would have.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
He’s like a chess player that never looks at the other side’s pieces0 -
Clearing the daft draft.0
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Even the Telegraph dares to mention Brexit as a factor in the UK's woes:“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/0 -
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/0 -
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/0 -
*real wages*TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
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Would be surprised if there hasn't been real wage increases in some of the jobs that previously relied on "cheap labour from Europe", but that really depends how you calculate it.rick_chasey said:
*real wages*TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/0 -
Bigger picture being inflation.TheBigBean said:
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
Higher wages => higher costs => higher prices.The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
pblakeney said:
Bigger picture being inflation.TheBigBean said:
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
Higher wages => higher costs => higher prices.
Well, the last time we were pre-EEC/EU was the 70s, and that seemed to be the aim of Brexit... just didn't expect 70s inflation to come back quite as quickly.0 -
That's the good old days though, when everything was British made.briantrumpet said:pblakeney said:
Bigger picture being inflation.TheBigBean said:
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
Higher wages => higher costs => higher prices.
Well, the last time we were pre-EEC/EU was the 70s, and that seemed to be the aim of Brexit... just didn't expect 70s inflation to come back quite as quickly.
And didn't work.The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
pblakeney said:
That's the good old days though, when everything was British made.briantrumpet said:pblakeney said:
Bigger picture being inflation.TheBigBean said:
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
Higher wages => higher costs => higher prices.
Well, the last time we were pre-EEC/EU was the 70s, and that seemed to be the aim of Brexit... just didn't expect 70s inflation to come back quite as quickly.
And didn't work.
But we did our own thing, with British originality, like the Quartic steering wheel. That really showed the rest of the world.0 -
Not necessarilypblakeney said:
Bigger picture being inflation.TheBigBean said:
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
Higher wages => higher costs => higher prices.0 -
You've not ran a business have you?rick_chasey said:
Not necessarilypblakeney said:
Bigger picture being inflation.TheBigBean said:
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
Higher wages => higher costs => higher prices.The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Maybe I misunderstood but there are other ways to get inflation which don't involve high wages.pblakeney said:
You've not ran a business have you?rick_chasey said:
Not necessarilypblakeney said:
Bigger picture being inflation.TheBigBean said:
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
Higher wages => higher costs => higher prices.
Also, some people are more productive which is why their wage is rising, so their costs per unit are not necessarily higher, so it may not involve higher prices.
Eg. if I work harder or better and sell double the amount of work, my wage will double but I'm not more expensive - as the formula is the same.0 -
There are other ways but companies are forced to increase prices in line with costs.rick_chasey said:
Maybe I misunderstood but there are other ways to get inflation which don't involve high wages.pblakeney said:
You've not ran a business have you?rick_chasey said:
Not necessarilypblakeney said:
Bigger picture being inflation.TheBigBean said:
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
Higher wages => higher costs => higher prices.
Also, some people are more productive which is why their wage is rising, so their costs per unit are not necessarily higher, so it may not involve higher prices.
Wages are simply one of those costs. It cannot be ignored as a consequence.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
That also depends on how thick the margins are. The company could chose to have narrower margins rather than raise prices.pblakeney said:
There are other ways but companies are forced to increase prices in line with costs.rick_chasey said:
Maybe I misunderstood but there are other ways to get inflation which don't involve high wages.pblakeney said:
You've not ran a business have you?rick_chasey said:
Not necessarilypblakeney said:
Bigger picture being inflation.TheBigBean said:
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
Higher wages => higher costs => higher prices.
Also, some people are more productive which is why their wage is rising, so their costs per unit are not necessarily higher, so it may not involve higher prices.
Wages are simply one of those costs. It cannot be ignored as a consequence.
The opposite is what is happening in the US. If you look at the price breakdown, prices are climbing rapidly, as are company profits, but wages are not matching.
So in that instance there is plenty of room for wage growth before you get into wage-led inflation0 -
I have to say, it's really quite ironic that those who perfornatively defend any and all aspects of anything with a Union Jack on it, so obviously utterly despise the general British population and will libel people to make their point.1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
I dare say that there are companies with wide margins but the majority are not.rick_chasey said:
That also depends on how thick the margins are. The company could chose to have narrower margins rather than raise prices.pblakeney said:
There are other ways but companies are forced to increase prices in line with costs.rick_chasey said:
Maybe I misunderstood but there are other ways to get inflation which don't involve high wages.pblakeney said:
You've not ran a business have you?rick_chasey said:
Not necessarilypblakeney said:
Bigger picture being inflation.TheBigBean said:
Being other people's wages?pblakeney said:
Yes, without considering the bigger picture.TheBigBean said:
Wasn't higher wages one of the things some people voted for?briantrumpet said:Even the Telegraph dares to mention Brexit as a factor in the UK's woes:
“The factor that is really only UK-specific is Brexit. It may not necessarily mean that the inflationary pressures in the UK are much, much bigger than elsewhere. But I think it does mean that more of the inflationary pressures are at risk of lasting longer than elsewhere.”
A shrinking labour force is fuelling inflation, with businesses forced to pay staff more money to attract the talent they need.
The pool of workers available to firms has not bounced back to pre-Covid levels and tighter immigration controls have cut the supply of cheap labour from Europe.
Adam Posen, a former Bank of England rate-setter, believes this helps to explain more than half of the difference between UK and eurozone inflation. Ministers remain reluctant to use immigration to solve worker shortages.
The inflation shock is a global phenomenon but UK households may need to prepare for price pain that is longer and worse than almost anywhere else.
https://www.telegraph.co.uk/business/2022/05/16/britain-facing-severe-cost-living-crisis-countries/
Higher wages => higher costs => higher prices.
Also, some people are more productive which is why their wage is rising, so their costs per unit are not necessarily higher, so it may not involve higher prices.
Wages are simply one of those costs. It cannot be ignored as a consequence.
I'd hazard a guess that the majority of SME's are barely getting by.The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.1
