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BBCNEWS Nicky Campbell June 4, 2024 08:04:00

Game of pass the parcel, where each player is unwilling to accept the burden of higher prices and they pass it on and they pass it on and they pass it on and there is your spiral. and he s criticising businesses too in all this. does he have a point? we have lived so well, so long, as a poet once said. low inflation rates, is it a case of it is so over? rich coming from him, you might say, and indeed andrew bailey, the governor of the bank of england. with reminding ourselves what he said. he told workers, he told you, not to ask for a pay rise told you, not to ask for a pay rise to keep up with inflation. so if you run a business, if you are negotiating wage rises and were feeling the pinch or maybe if you are on strike thinking to go on strike, prosperity is history, austerity normality, is thatjust a fact of life? or is it something with which you will not put up with? one prime minister said you never ....

Thomas Have A Point , Andrew Bailey , Inflation Rates , Bank Of England , Negotiating Wage Rises , Strike Thinking , Prime Minister , Austerity Normality ,