Cast your eyes over the following word salad from Shadow Chancellor Rachel Reeves, and This Writer’s own reply to it:
What are you going to do? You've already said you won't increase wages. And you're not going to make anythng cheaper. And prices are still rising (lower inflation doesn't mean lower prices).
Growing the economy doesn't mean wages will rise – trickle-down economics is a lie.
— Mike Sivier (@MidWalesMike) August 16, 2023
I call it “word salad” because that’s what it is – a random mixture of words and phrases suggestive of advanced schizophrenia.
Nothing in Rachel Reeves’s post actually means anything. She doesn’t explain how building the UK economy will boost growth, deliver jobs or bring down bills because she either doesn’t know – or knows that it won’t.
Most people are already in work, remember – so delivering more jobs won’t actually help unless they are better-paying jobs, and we already know that Keir Starmer’s Labour is against higher pay rises for working people. Like the Tories, that party is claiming such developments will only speed inflation.
And how does she expect to bring down bills? The cost of everything is still rising at the moment, albeit at a slower speed. Economists say if goods and services became cheaper, that might trigger a recession. So it seems this is not possible.
Making bills cheaper in real terms – as a percentage of household income – is impossible because Reeves will do nothing to increase wages for the lowest-paid workers.
Angela Rayner said much the same when challenged by the BBC’s Sally Nugent:
"Can you tell us exactly what Labour will be doing to bring down inflation faster?"
Angela Rayner says Labour will deliver growth. pic.twitter.com/IIty7XW1pW
— Saul Staniforth (@SaulStaniforth) August 16, 2023
She mentions getting waiting lists down so more people are work, and paying properly for public services – but these require more spending by the government. Does that mean Labour will tax the people more? Otherwise we’re into another inflationary spiral.
And which people will Labour tax, if it has to? The working poor or the super-rich? Given the number of Labour representatives who are receiving massive donations from the super-rich, I think we all know the answer to that.
Here’s a social media post from “The Labour Party”, highlighting a Sky News article:
Under the Tories, bills for the average household have soared by £350 a month.
Labour’s economic growth mission will increase wages, bring down bills and put money back in your pocket. https://t.co/uMUlt9IP5u
— The Labour Party (@UKLabour) August 16, 2023
The article itself doesn’t mention anything Keir Starmer’s party would do until its penultimate paragraph, in which – amid the now-familiar nonsense mantra about boosting growth, boosting wages and bringing down bills, Shadow Economic Secretary Tulip Siddiq states:
“If Labour were in power today, we would introduce a proper windfall tax on the huge profits the oil and gas giants are making to help families with the cost of living.
So Starmer’s answer is indeed taxing somebody to keep extra government spending from boosting inflation.
Well, he’d better hope there’s an election soon because otherwise those energy firms will have given away all those profits as shareholder dividends and… Didn’t Starmer already promise not to tax wealth?
Here’s a thought:
Rather than make a big fuss while talking a lot of nonsense, why not have a look around the world at economies that actually work for their people and see what they’re doing right that the UK isn’t?
They could start with Denmark, perhaps:
Strangely Denmark has the Highest Minimum wage in the world but no problems with inflation.
Why could that be? pic.twitter.com/UWhEmmUSD8
— BladeoftheSun (@BladeoftheS) August 15, 2023
The fact that Keir Starmer’s crowd is not doing that – is actually refusing to consider practical, proven alternatives, suggests that there is no intention to change the situation. not by one iota.
Starmer and his motley crew know you are being hammered by the high cost of living, every day.
We must conclude that it is Labour policy to continue grinding your face into the dirt.