mercredi 17 septembre 2008

Some good news

Ashley Seager writes in the Guardian that - depite the ominous rise in UK unemployment these last few months (150000) all told, which excludes all those dashed off in the last few weeks' stock market rumpus - there is some good news : "wage growth remained absolutely flat, and low at around 3.6% in spite of headline inflation rising to a 16-year high. That should allow the Bank of England to cut interest rates vigorously. But the cuts will come too late to prevent hundreds of thousands more people losing their jobs."

Things are so bad and so confusing at the moment that, for some people, getting poorer is good news, or the Guardian is a neoliberal rag.