So the rich get richer ….and fuel inflation!

Many 1,000’s of people wouldn’t have a job today if it wasn’t for Rishi Sunak’s furlough scheme and business support packages.

Airport security is within the public sector - large wage increase has fed into the increased cost of package holidays.

Yes, the extra money will be spent but I would query whether ‘most’ of the extra money will return to the government via taxation. Some, yes.

And those poor private sector buggers wouldn’t have jobs were it not for those who employ them.

Articles like this just fan the flames of class wars

I am all for NHS staff and teachers getting a pay rise of the same rate as inflation.

Not so keen on Doctors with their 30% demands, I assume they think it is a starting point for negotiations.

Spending on holidays, eating out and luxuries are going to be up as they were non existent during the lockdowns and many people saved money by working from home, not going out etc.

Oreo

FFS
1.2 million as against how many millions wanting pay increases?
Pay increases do push up inflation for all especially big ones, the airport security people have demanded big increases and have got something like 17%for instance.
Something like 5% is more do-able.Don’t forget that some prices are already going down but if too many workers demand too much then the high inflation hits us all.

That pay increases lead to inflation is a myth.
Particularly when it comes to public sector pay increases because they have no effect at all on prices as the public sector isn't selling anything.

In fact, public sector pay increases would be beneficial to the economy as the extra money would be spent. There is no big black hole into which the money disappears. It circulates in the economy and eventually most of it returns to the government via taxation.

As for private sector pay increases, which have been below the inflation rate, try looking at the profits of the company paying them. It might be instructive. How come that high earners can get much bigger increases than the poor b8ggers without whom there would be no profits?

IMF paper on wage/price spirals:

f.org/en/Publications/WP/Issues/2022/11/11/Wage-Price-Spirals-What-is-the-Historical-Evidence-525073

The TUC is hardly unbiased. Here’s the latest ONS data
www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/may2023
Main drivers of inflation were package holidays, concert entrance fees and games/hobbies such as computer games. This hardly points to spending by the top 10% of earners, who you accuse of having more money than sense.
Agreed Oreo.

FFS
1.2 million as against how many millions wanting pay increases?
Pay increases do push up inflation for all especially big ones, the airport security people have demanded big increases and have got something like 17%for instance.
Something like 5% is more do-able.Don’t forget that some prices are already going down but if too many workers demand too much then the high inflation hits us all.