not, on the money, albeit less of it? last year you may remember that the governor of the bank of england andrew bailey told you not to ask for big pay rises to stop prices rising out of control. they are perhaps not so much happened as of doom and bust but of truth. they worried about and in inflationary spiral where prices push inflation out of control and uk inflation of course running around 10%, food inflation much higher than that, thatis inflation much higher than that, that is around 17%, 18%. of course workers across the public sector right now are involved in industrial action over pay rises. so is mr pill right? do wejust action over pay rises. so is mr pill right? do we just need to get used to being poorer? do you accept being poorer? let s talk. get in touch. and here is the news. the government says that over 200 british nationals have been airlifted out of sudan so far. three raf planes have already touched down in cyprus and more are expected to follow. evacu
Shoes or whatever it is. does he have a point, thomas? this shoes or whatever it is. does he have a point, thomas?- have a point, thomas? this is a roblem have a point, thomas? this is a problem which have a point, thomas? this is a problem which is have a point, thomas? this is a problem which is that have a point, thomas? this is a problem which is that it - have a point, thomas? this is a problem which is that it is - problem which is that it is a collective issue this. wages need to go collective issue this. wages need to 9° up collective issue this. wages need to go up at the individual level in order to compensate for the loss of earnings, of real earnings that we have got. the disposable income is felt very personally, isn t it? but he is talking here about the collective issue which is who is going to share the burden in getting inflation down? and this is the issue, the issue between collectives here as a nation, how we are going to deal with it, and then individually.
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
And that us every day and now we have nine and that is us every day and now we have nine and that isjust a reality. we can print and that isjust a reality. we can print more and that isjust a reality. we can print more money and although sorts of things print more money and although sorts of things but it willjust put prices of things but it willjust put prices up. so in real terms we are uooren prices up. so in real terms we are uooren the prices up. so in real terms we are poorer. the real issue therefore is really poorer. the real issue therefore is really one poorer. the real issue therefore is really one about having a discussion about really one about having a discussion about distribution of nine and who needs about distribution of nine and who needs to about distribution of nine and who needs to have given up some of what they have needs to have given up some of what they have before. that needs to have given up some of what they have before. they have be
Using food banks must have budgeting problems. he says i have constituents, armed forces, binmen, bus drivers, pensioners who can all live on their son. am i missing something? does he have a point, christine grace can i come on something? i want christine to just one say is there anything in what lee anderson said? we have a politician s panel later. you think there a grain of truth in that, christine? i there a grain of truth in that, christine? there a grain of truth in that, christine? ~ , christine? i think there is. the trouble is christine? i think there is. the trouble is most christine? i think there is. the trouble is most politicians - christine? i think there is. the trouble is most politicians are | christine? i think there is. the i trouble is most politicians are out of touch completely. they haven t got a clue what actually goes on in real life and i agree with what the other caller said about people spending money on the local economy which is what we need to do.