"Boris Johnson warns of ‘wage-price spiral’ if workers demand higher pay
PM raises spectre of 1970s-style economic crisis that could force dramatic rise in interest rates
Boris Johnson has raised the spectre of a 1970s-style “wage-price spiral” that could force the Bank of England to push up interest rates dramatically if workers demand to be compensated for rocketing prices.
Instead the prime minister promised a return to lowering taxes, cutting government spending and slashing regulation, after a renewed push by backbench Conservative MPs.
In the speech in Blackpool on Thursday, billed as a reset of his premiership after MPs forced a bruising no-confidence vote in his leadership, Johnson said the current tax burden was an “aberration” and the state must reduce its spending.
It came as Conservative MPs prepared to formally launch a tax-cutting lobbying group, which some Tories claimed had already influenced the prime minister’s speech.
MPs who are promoting the renewal of the Thatcherite lobbying group, Conservative Way Forward, said key talking points from its pre-launch memo had influenced Johnson’s warnings on “tax and spend”."
https://www.theguardian.com/politics...and-higher-pay
Well cut the fecking taxes, starting with the new ones YOU introduced in April, you fook face
PM raises spectre of 1970s-style economic crisis that could force dramatic rise in interest rates
Boris Johnson has raised the spectre of a 1970s-style “wage-price spiral” that could force the Bank of England to push up interest rates dramatically if workers demand to be compensated for rocketing prices.
Instead the prime minister promised a return to lowering taxes, cutting government spending and slashing regulation, after a renewed push by backbench Conservative MPs.
In the speech in Blackpool on Thursday, billed as a reset of his premiership after MPs forced a bruising no-confidence vote in his leadership, Johnson said the current tax burden was an “aberration” and the state must reduce its spending.
It came as Conservative MPs prepared to formally launch a tax-cutting lobbying group, which some Tories claimed had already influenced the prime minister’s speech.
MPs who are promoting the renewal of the Thatcherite lobbying group, Conservative Way Forward, said key talking points from its pre-launch memo had influenced Johnson’s warnings on “tax and spend”."
https://www.theguardian.com/politics...and-higher-pay
Well cut the fecking taxes, starting with the new ones YOU introduced in April, you fook face
He's a big state, tax raising Brownite cretin. Watch him not row back from the CT increases coming through next year. Autumn budget: "blah, blah, but you can now offset some of your massively increased tax by spending more on plant and machinery!". Tosser.
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