UK CPI inflation at 2.7%

[Eric Cartman]

Surprised no-one's created a thread about today's data. Inflation is how those at the very top steal from the poor and middle class to enrich themselves and those like them - the 1%. World's eight richest people have same wealth as poorest 50% - https://www.theguardian.com/global-d...-as-poorest-50

Six million plus public sector workers will slog for less money in real terms this year than they did last year. They've been fecked over by the government using the same method for the best part of the last decade. Ditto for a great many benefit claimants and savers.

Must confess I don't have much sympathy for the public sector employees because they are so docile.

They have been convinced they are worthless. MP's are worth lots though, and their wives who are paid 30k a year to refill the stapler.

[Organ Morgan.]

They have been convinced they are worthless. MP's are worth lots though, and their wives who are paid 30k a year to refill the stapler.

Unless or until they take sustained industrial action they will continue to be financially buggered. On average they are working for around 9% less today when adjusted for inflation than they did in 2008. Obviously, they have the option to seek employment elsewhere. But if significant numbers did in critical fields we'll be worse for it.

I've been looking into Greece's demise since 2010 where state employees' wages and retirement pensions (along with everyone else's, including their State Pension) have been savaged. Yet no politicians, bankers or senior civil servants have been strung-up. In fact, despite riots galore, I don't believe anyone has died as a result of the tumult. And they are (or were) supposedly hot-blooded who suffered no fools.