Deflation

[DimPrawn]

Govt are desperate to inflate away the debt in real terms.

Hence trying to invoke wage and price inflation. They can then also in five years time tell everyone how they've increase pay significantly over that period.

We can counter this by getting massive rate increases.

[MicrosoftBob]

No I think all the blow up dolls of CUK are safe, so no worrying about deflation

[d000hg]

Clearly an increase in the minimum wage is going to hit prices in the supermarket. It's taken you almost a week to realise this?

You will be telling us all about the beatles next

If one could work out how many £ of stuff are sold per day, per NMW employee, the approximate cost increases could be calculated.

Somehow I imagine Tesco are pretty efficient and the actual cost to them is probably something like 0.01p per tin of beans, if paying people 70p more per hour is a problem their entire business model is broken.

[mudskipper]

I thought this thread was about Brillo's inability to fix a puncture.

[greenlake]

What about them ? Have they reformed ????

[TestMangler]

Clearly an increase in the minimum wage is going to hit prices in the supermarket. It's taken you almost a week to realise this?

You will be telling us all about the beatles next

What about them ? Have they reformed ????

[minestrone]

Clearly an increase in the minimum wage is going to hit prices in the supermarket. It's taken you almost a week to realise this?

You will be telling us all about the beatles next

[AtW]

Supermarkets could increase prices to pay for living wage

"The Government’s new national living wage is likely to result in higher prices for shoppers, Moody’s has warned.

The minimum wage for over-25s is to rise from £6.50 per hour at present to £7.20 in 2017 and £9 by 2020 under proposals announced by George Osborne in the Budget.

This increase in basic pay is “credit negative” for retailers, restaurants, hotels and leisure companies because of the cost of increasing pay for the hundreds of thousands of workers they employ, according to an analysis by credit rating agency Moody’s. "

Source: Supermarkets could increase prices to pay for living wage - Telegraph

AtW's comment - oh don't be so moody, it's perfect plan - staff get more money, tax credits get cut (so staff gets less money), supermarkets can increase their margins and blame Govt, deflation is no longer a threat, so house prices can continue to grow unabated, BOOMED!

It's like this fellas - buy property and the Govt (any) will take care of you. Everybody else will be shafted (excluding pensioners of course).