One of the illusions peddled by politicians is that we making progress and we are all better off than we were in the past, but according to the Consumer Price Index prices have risen by 4 per cent against a 2 per cent rise in wages. "Households face a deepening "income recession" as the cost of living rises far more quickly than wages, analysts warn today. Official figures released tomorrow are expected to show that inflation is rising at approximately twice the pace of salaries, leading to punishing deterioration in living standards." (Times, 14 February) Progress for the working class is a delusion that should fool no one. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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