The “Cost of Living Crisis” Is Labour Policy
One of Ed Miliband’s supporters has been in touch to complain about my description of the Labour leader’s slogan, “the cost of living crisis”, as “blether”.
Perhaps my post about it three months ago was unclear.
I thought I was making the same point that Miliband and Ed Balls both made to the TUC last year: that “you have to put jobs before pay”. That those in work should accept lower wage rises for the sake of keeping more people in their jobs.
If wages are rising more slowly than prices, therefore, while employment levels continue to rise, this is precisely what Miliband and Balls want to see.
The “cost of living crisis” is, therefore, Labour policy.
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