Today the Bank of England’s Chief Economist, Huw Pill, has urged us all to accept that we are poorer now. If you remember, his colleague, the Bank of England Governor Andrew Bailey, has been trying to get inflation under control and recently told everyone not to ask for a pay rise. Postal workers, civil servants, nurses, doctors, physiotherapists and train drivers to name but a few did not listen, and there have been countless strikes for more pay.
These two Bank of England employees are on 6 figure salaries, and yes, they’re all right Jack because they are richer now. Meanwhile millions of people not on six figure salaries are feeling the pinch, and some have had to resort to food banks to feed their families.
This problem will not go away because on the whole people are not working for the common good; they are more concerned with how much money they have in their own bank accounts. They need to put food on the table and so will ask for a pay rise if they cannot afford to buy simple groceries. Yes, this will fuel inflation even further, but perhaps Mr Pill and Mr Bailey might be able to understand ordinary people a little bit more if they forego their inflation-busting salaries for a few years and instead try to live on the average annual salary of £29,600.
The same me first problem can be attributed to climate change. Coal miners will continue digging for coal around the world because it’s their livelihood. The Amazon rainforest will continue to be depleted because people earn money from cutting down trees. The world will continue to become warmer. Nobody is going to work for the common good if their own children are going hungry.
That’s my little rant over with today anyway.
Stevie Turner 
You can’t sugar coat that. Sadly, I’m in agreement with you. The big corporations are gobbling competitions the same way they’ve gobbled up real estate and choking people with rents and home shortages. Yes, the world is not in a good way and it’s starting to feel like every man for himself. 😦 xx
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Indeed. That’s how it is these days. Horrible. x
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😦 x
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The current climate of blood/race/religion nepotism is out of control. According to last numbers everyone in America is $350 a month poorer (Thank you Obiden) the president wants to raise the debt ceiling so he can give more money away. One day I pay 2.85 for gas, overnight it’s back up to 3.35. Electricity resources are expensive and can’t keep up with demand. A friend in California says they’re pushing electric vehicles and generators to charge them because the grid can’t handle it. retailers are going bust left and right… and I walked out of the grocery store with three bags of livin’ cheap food $82 poorer. Two people go to Taco Bell where one out of six employees speak English but they’re all making $16 an hour – $28.00. Used to be you could eat real food for $30. Now, what two years ago was $12.00 has more than doubled. How stupid can they be? Raising minimum wage so workers can afford to live won’t raise the cost of goods? When did capitalism get altruistic? Never. But they have a Mercedes and a room for a pony, what’s the problem. ARRRRR
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Sounds exactly the same as here in the UK. Have you got the strikes as well? Everyone’s on strike for more pay over here.
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Yes. Like paying them more is going to solve anything.
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It just fuels inflation, as the manufacturers forced to pay employees more will just increase their prices to compensate.
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During the really cold snap this winter, I got a WhatsApp from my friend, a former rock climber and mountaineer, who is very disabled and often bed ridden due to Lyme’s Disease, contracted from a tick bite.
She’s the most positive and uplifting person I know, and she sent the message not for sympathy, but because she actually thought it was very funny that she was in bed under four duvets, could see her breath, and best of all, she had crunchy pillows, because they had frozen – because she couldn’t afford to put the heating on.
It infuriates me when these smug wealthy people tell the poorest in society they need to suck it up, because of their mismanagement of the economy, when they don’t even have to cut back on their Cuban cigars and vintage champagne.
The average salary might be nearly thirty grand, but that isn’t a true picture. Many people earn far less than that, and they are truly having to make decisions such as eat or heat.
Rant over – and I love your rant, Stevie. I feel like shaking these people.
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So do I, Jacqueline. They have no idea how some people are struggling. All these political parties seem to do is sling mud at each other. What we need are some working class people running the country, but of course you have to be rich to be in politics.
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So it would seem.
Some working class people make it into politics, but like so much of big business and government, what we have is essentially an Old Boys’ club of public schoolboys and the wealthy, who’s interest is to retain influence and benefit themselves.
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Absolutely. You’ve it the nail right on the head. They benefit themselves and ensure their family and/or public school friends profit from any large business deals. Nobody else stands a chance.
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Sadly, ‘It’s not what you know, but who you know’ was never truer than in politics or big biz.
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Absolutely. What irritates me beyond measure is how all these ex-public schoolboys end up in most of the top jobs, whether they’re suitable for them or not.
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Most of them are eminently unsuitable – but they seem to be able to lash up one job as a CEO, still get their bonus and huge pension, then move straight into another highly paid post.
The Johnson has made more than a million pounds since lashing up the premiership of Britain, and ensuring an island (yes, an island, with total control of its borders) had the greatest COVID death rate in Europe.
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It ought to be against the law for these ex-public schoolboys to be given top jobs from people who are also Old Boys. There needs to be some kind of level playing field.
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Indeed. Research has proved the truth behind ‘it’s not what you know but who you know’.
And today we learn that the BBC’s Chairman resigned, even though he didn’t do anything wrong in being awarded the job by the PM, Boris Johnson, for whom he arranged a bank loan. Pure coincidence. That there could be deemed a conflict of interest never entered his pretty little head.
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That’s what he’s saying, that he ‘inadvertently’ did not realise about the conflict of interest. What liars they all are!
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I would expect a better excuse from a fourteen-year-old.
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Indeed.
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Good rant, Stevie, and I agree completely. Those Financial/Banking parasites should be made to accept minimum wage and have to live in a flat on a council estate. I despise them.
Best wishes, Pete.
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Me too. I don’t know how they’ve got the cheek to tell us all not to ask for a pay rise. Their six figure salaries are fuelling inflation for a start!
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He lives in a £1.6 million house, and his boss earns almost £600,000 a year. I think they are lower than scum.
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They’re out of touch with reality behind their gilded security doors.
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