Accept being poorer?

[tallcypowder]

news.sky.com/story/bank-of-england-rate-setter-urges-people-to-accept-they-are-poorer-in-fight-against-inflation-12866426

Oh ok then! Ffs!

Everyone ok with that?

Accept it, peasants!

😂It's so bad it's funny. Wonder what his networth is.

I would have thought it would make more sense to ask big companies like supermarkets and energy firms to accept lower profits if they want to slow inflation? Rather than asking people to live in poverty

'Fuck off, cunt.'

Only if your interest went beyond your rich buddies

Accept being poorer so that big corporation profits can remain disgustingly high whilst those at the bottom struggle to afford the very basics in life.

it's not everyone though is it...

Absolute c*%t!

They want the buck to stop with the consumer at the bottom of the chain, it's the same story everywhere.

I was reading on another thread about how the supermarkets have reduced their food waste (hooray! Green credits for you!) By passing it on to the end consumer (us)

And then they tell us we should just accept it. Accept you are our powerless worker drones 😞

Know whose side he is on then. And surely it makes more sense economically for large business not to be raising prices rather than Joe Bloggs not taking a pay rise, given their relative scale.

Know your place peasants. Right below our boots.

🤬

Annoyingly so many people seem to just fall for all the bullshit. Lost count of how many "we had it too good for too long" type of comments I've seen on here 🙄

We are in a race to the bottom it seems.

You will have nothing, and you will be happy.
The Great Reset is becoming reality right around us.

It looks like he said the quiet bit out loud.

Worst in the G7 and below Russia.

All countries had Covid and Ukraine.
Sick of the excuses.

I agree with this to an extent - we can’t always be on the up and expect more and more without times of hardship too.

However (a huge one!), this should be on “nice to haves” only and absolutely should not mean more and more people are dragged into genuine housing/food poverty.

I do think that we (as a society) have become way too comfortable with certain luxuries being standard and expected. It’s definitely not the way I was brought up, where things were considered massively before making any unnecessary purchases. Examples being you do not NEED to redecorate your living room and you do not NEED to get a brand new car just because your finance was finally paid off.

What's he actually trying to say? Is it "how dare you go on strike" and "how dare you ask for pay rises".

The others didn't have Brexit which is not helping.

I mean, the irony is
free market
labour shortage

of course people will ask for pay rise....he is literally being a total muppet if he doesn't get that free market applies to us as well as him.

Read what he actually said.

"What we're facing now is that reluctance to accept that, yes, we're all worse off and we all have to take our share; to try and pass that cost onto one of our compatriots and saying, 'we'll be alright, but they will have to take our share too'. That pass-the-parcel game that's going on here, that game is one that's generating inflation, and that part of inflation can persist."

The "we" here includes businesses. He's talking about the dangers of inflation spiralling due to increased costs being passed down the chain. As well as the problem of wage increases pushing up inflation, he criticises businesses trying to pass on increased energy costs to consumers- his point is that they need to accept lower profits not just push the costs along the chain.

Stating the obvious really and nothing that hasn't been said many times. I'd say he expressed himself poorly but I actually think the headline really misrepresents what he said.

I looked it up this morning when it was on the BBC website. An estimated £180k salary, plus whatever his many side hustles will be worth, and a £1.5 million house... probably more but that's all I bothered reading. He'll know all about struggling with money and accepting being poor then.

I've immediately asked for a paycut of 20% since reading that article. We all can do our bit.

You're an inspiration. No doubt Huw will have done the same.

I guess it’s easy to say when you aren’t poor…,,,

I love how all those who voted for Brexit thought that being poorer in the short term would be worth it, but are now complaining that they are poorer. 🙄

I mean yeah, we do have to accept that as a country we're poorer, because we just collectively chose to kick ourselves with the biggest act of self harm a country has ever done. We are poorer.