Quote:
Originally Posted by Chrysalis
rule of thumb real inflation at least double official inflation.
4.8% is high in itself, actual inflation which is easily double figures is rampant.
---------- Post added at 14:01 ---------- Previous post was at 14:01 ----------
hugh you seem very out of touch.
from the elite top 1%.
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So try living through 32% inflation (according to your "rule of thumb"...
).
From an out of touch viewpoint, I calculated that the average salary is £24k, so it is proposed that we pay 99% of the population an extra £31k (on average). According to the latest stats, there are 29.11 million people in work, so we would need to find an extra £893 billion to pay the "99%" an average salary of £55k, like the Tube drivers, with a total wage bill for the "99%" of £1,601 billion.
(the forecast GDP for the UK in 2011 is £1,562 billion).