Increasing Inflation Is Part Of The Strategy
The great news is that the UK now wants high-paying, high-skill jobs
However, high-skill jobs (and the appropriate people to fill them) do not appear anywhere instantly.
But the pressure to raise salaries as we are currently seeing — although without productivity gains — merely suggests higher costs, which will eventually lead to higher prices. Of course, we are already noticing this.
According to the Centre for Economics and Business Research, by the end of the year, a typical family of four will have to find an extra £1,800 for living expenditures.
Increasing wages and an increasing cost of living (increased prices for fuel, energy, food, and just about anything else you can think of…) work in the government’s favor when it comes to addressing the Covid debt pile,
Inflation diminishes the value of the original debt and makes it easier to repay the debt when tax receipts increase in value.
So don’t be shocked if there isn’t much action taken to combat inflation in the coming months and years.
