Cable Forum - View Single Post - The Bank of England may have to cut rates to combat low inflation

Taf · 19-09-2015, 10:00

Well I get the idea that the Conservative "Living Wage" is going to do several things: push up prices (and therefore inflation) and push up unemployment. Therefore the increase in wages that the low paid will see, will soon be swallowed up by inflation. And then comes the next increase in the "Living Wage".....

And then the Bank of England might put up interest rates, which could stifle investment in business.

19-09-2015, 10:00	#12
Taf cf.mega poster Join Date: Jun 2003 Location: Kairdiff-by-the-sea Age: 70 Services: TVXL BBXL Superhub 2ac (wired) 1Tb Tivo Posts: 10,412	Re: The Bank of England may have to cut rates to combat low inflation Well I get the idea that the Conservative "Living Wage" is going to do several things: push up prices (and therefore inflation) and push up unemployment. Therefore the increase in wages that the low paid will see, will soon be swallowed up by inflation. And then comes the next increase in the "Living Wage"..... And then the Bank of England might put up interest rates, which could stifle investment in business.