Skidder Shorts #3 - An Interesting Comment on the Economy.....

An interesting comment on the economy:

"Until 2013, the economic recovery in the UK since 2008 had been the worst and
slowest recovery in recent history, however growth has rebounded during 2013 to
surpass all expectations, propelled by recovery in consumer spending and the
housing market. Forward surveys are also currently very positive in indicating that
growth prospects are strong for 2014, not only in the UK economy as a whole, but
in all three main sectors, services, manufacturing and construction.

One drag on the economy is that wage inflation continues to remain significantly
below CPI inflation so disposable income and living standards are under pressure,
although income tax cuts have ameliorated this to some extent. This means that
labour productivity must improve significantly, for this situation to be corrected by
the warranting of increases in pay rates."

So as long as everyone works harder it should all be OK.... Now where did this come from? George Osborne? The Daily Blackshirt?

In fact it is from the Budget document for "socialist" (sic) Sandwell Metropolitan Borough Council. Right On, Comrades!


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