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Increasing wages boost morale, economy | 18 comments (18 topical, 0 editorial, 0 hidden)
Re: Increasing wages boost morale, economy (none / 0)
Good thing the Bank of England uses the CPI (which excludes mortgage payments) instead of the RPI for its inflation targets.

If people are living off debt higher interest rates will indeed dampen demand.

"It's the statue, man, The Statue."

by Carrie (migeru at eurotrib dot com) on Wed Jan 17th, 2007 at 06:23:18 AM EST
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Increasing wages boost morale, economy | 18 comments (18 topical, 0 editorial, 0 hidden)
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