He's saying there wouldn't be as much wage rise inflation because there's spare labour to be hired, and hand in hand there's not the cause of wage cost/product cost inflation. Plus their propensity to spend on essentials is high.

If I or the local council hire the out of work gardener instead of the gardener up to his eyeballs in work, it costs me or the local council less and not putting up the cost of coffee or sandwiches in the local park cafe.

QE is going to lead to some inflation, but if the interest rates are low to begin with, it's more manageable. It also obviously decreases the value of currency so is good for exports, bad for imports.

There are lots of people earning n&ff all in employment, zero hours contracts, or next to n&ff all in 'self employment.' By that I mean trying to start a new business that'll ultimately fail, rather than delivery drivers and such like.

You wanted to hear why you're wrong. Cambridge or I haven't said electronic money doesn't create inflation. It's just not as severe and easier to deal with in the market situations and opportunity he has highlighted.

Quick reply? We're not anticipating a quick reply mate.

Edited by Rudi Hedman (19 May 2017 5.59pm)

Edited by Rudi Hedman (19 May 2017 6.02pm)

There are lots of people earning n&ff all in employment, zero hours contracts, or next to n&ff all in 'self employment.' By that I mean trying to start a new business that'll ultimately fail, rather than delivery drivers and such like.

You wanted to hear why you're wrong. Cambridge or I haven't said electronic money doesn't create inflation. It's just not as severe and easier to deal with in the market situations and opportunity he has highlighted.

Quick reply? We're not anticipating a quick reply mate.

Edited by Rudi Hedman (19 May 2017 5.59pm)

Edited by Rudi Hedman (19 May 2017 6.02pm)

Shadow Chancellor on means testing the fuel allowance:
[Labour] "won't put older people through the indignity of losing their winter fuel allowance when they are already, too many of them, living in deep poverty and sadly some die of hypothermia."
This when all the Tories are proposing is that the likes of Alan Sugar don't get bunged £200 when the don't need it. Those who do need it will still get it.

Edited by hedgehog50 (19 May 2017 7.31pm)

Rumbled by a 9 year old.

[Tweet Link]

Ha ha.

OK, so your argument is about degree.
It's a bad Idea and not a very bad idea.

This election has just got interesting really quickly.

Labour are now polling on the same figures as Blair's majority government. Their manifesto has symbolically crushed the ghosts of Blair while Corbyn himself is whipping up political crowds unheard of in this country's recent history.

Meanwhile, the Tories, while significantly ahead, are falling apart. May can't even confirm who her chancellor will be, yet she's standing on a strong and stable platform! They've alienated huge numbers of journalists, as well as their one main demographic: pensioners. The neoliberal wing of the party are s***ting it about the immigration cap's effect on the economy, the whole manifesto seems totally uncosted, and suddenly life long tory voters are pledging for Labour.

This election has just got interesting really quickly.

Labour are now polling on the same figures as Blair's majority government. Their manifesto has symbolically crushed the ghosts of Blair while Corbyn himself is whipping up political crowds unheard of in this country's recent history.

Meanwhile, the Tories, while significantly ahead, are falling apart. May can't even confirm who her chancellor will be, yet she's standing on a strong and stable platform! They've alienated huge numbers of journalists, as well as their one main demographic: pensioners. The neoliberal wing of the party are s***ting it about the immigration cap's effect on the economy, the whole manifesto seems totally uncosted, and suddenly life long tory voters are pledging for Labour.