Quote Originally Posted by baggiematt View Post
Bank of England think inflation will slow next year and go back to the 2% target in 2 years. But the question is whether wages will catch-up or will the government package support the rise in costs while wages slowly creep up.

Wages won’t keep up, that’s pretty much a given so we rely on the government to fix the issue. If they don’t, businesses will fall and unemployment will rise. That will lead to them funding energy anyway through welfare so it’s a no brainer to pay for the increase and keep us with disposable income.

Who knows, could all be a perfect storm!
I think that statement was put out by the bank to apply pressure to union negotiations on wage increases this autumn....
As mentioned last May the bank says we just don't really know how this will play out....
Now they have it all sorted out.
How convenient..