UK faces tightest squeeze on household incomes for five years | Business | The Guardian

 

The Guardian reports that real disposable income per head fell 2% in first quarter of 2017 from year earlier, the steepest decline since end of 2011.

Source: UK faces tightest squeeze on household incomes for five years | Business | The Guardian

Finally, people are focused on the evidence as it’s hitting them in their pocket. The evidence will always prevail in a democratic country and populism will be discredited.

But really this is just the tip of the iceburg. With a hard-Brexit jobs will disappear and the UK will suffer years of lost growth, as well as inflationary pressures from lower Sterling levels.

The public sector are dreaming if they listen to the ‘Pied Piper of Islington’ promising pay increases. The UK will suffer years of erosion in national growth post Brexit – this can only be financed by borrowing (that’s already sky high), further cuts to public services or massive tax increases.

Thoughts?

One response

  1. We will probably not get a hard Brexit at all given May’s precarious position,the weakness of Davis as a negotiator and the lack of real preparation to get the country “match fit” and ready to face economic reality .
    As Dr Alf knows no-one has articulated the need for greater UK worker productivity and the need for them to not be lazy and to take the jobs,if qualified to do them of the migrants they no longer want if indeed they ever did.
    The alternative will be automation ,RPO,offshoring and robotics.
    Britains bosses currently building cash mountains,not exporting,not selling and not delivering need to be talked to sternly and all their unjustified bonuses taxed away unless they perform.
    May cannot have this conversation so we are facing wage restrictions ,more unemployment and even worse public services.
    With the same people we are going to get nowhere so we need to put May out of her misery and replace her Cabinet of ageing also rans.
    Austerity which should have been applied as a 2 year shock and awe measure has of course gone on for far too long and must be scrapped by May’s successor who must be young ,telegenic,capable,fearless and willing to street fight.
    So far the 1922 Committee has been slow and weak,they must recover their ruthless streak,put May to the sword and force restructuring.

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