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Exactly.

Inflation is in double digits. These are below inflation wage increases (hence pay cuts in real terms) they are not pushing up prices. In my own case I got 6% which is my biggest raise in well over a decade, it makes a dent in the increases in my day to day spending but it doesn't cover it...

The use of interest rates to counter inflation that is caused by external factors and not excessive demand is idiotic economics. The inflation figures today prove it. These 'tough' decisions that will be borne by working people are being made people for whom it will mean nothing, except a...