‘Wages and remuneration’ are not what’s keeping inflation high, says Bank of England at interest hike press conference – it’s how much you’re being forced to pay for food and clothes. But while companies gouge record profits, the Establishment is making you poorer
In an astonishing – or perhaps not, given the arrogance of the Establishment – Bank of England governor Andrew Bailey just admitted, at its press conference to announce yet another interest rate hike that will impoverish huge numbers of people even further during a ‘cost of living emergency, that your wages are not causing inflation.
Instead, companies making huge profits in the food and clothing sector are pushing up prices and driving the headline rate of inflation. In other words, what is causing inflation is them making you poorer.
But the bank is putting up rates anyway, pushing ordinary people who are already drowning even further underwater in the name of a crisis they didn’t cause – and are not fuelling now:
Bailey is paid around £500,000 a year – ‘around’, because when asked about his salary last year, he said:
I can’t tell you exactly what it is, I don’t carry that around in my head.
The rich are laughing at us all while fattening their offshore bank accounts and those in power know they’ll have cushy, highly-paid directorships to go to when they’ve had enough of being the hatchet-men and -women for the so-called ‘elites’.
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