At PMQs, he demanded the Government meet with the RMT. But what would the current Shadow Cabinet do in such a meeting?
It needs to pull the help it has already provided into an account that shows the scale of the adjustment we are going through.
In future, the economy may run into inflation bottlenecks earlier in economic recoveries than before, thus constraining growth.
A key economic problem during the 1980s was union power. Now it is weak incentives to move and retrain.
If the war lasts a few years at most, the Chancellor can take the hit. If it’s a new normal that lasts for decades, the outlook is grim.
A basic rule of thumb comes to mind and seems universally accepted: you should be able to keep at least half of every extra pound you earn.
Why is it that those on the Right who urge higher pay are vilified, while the Left applauds a low pay model for the economy?
Our manifesto couldn’t reasonably be expected to predict the freak consequences of Covid in terms of rapid wage growth.
It’s baffling why think-tanks are taking the OBR assessments as truth, given its prediction record.
The Government will need to think carefully about how any change to policy is presented, and the approach should be nuanced and flexible.
Modest consolidation over decades is one thing; large increases over a Parliament would be quite another.
That’s a legitimate political agenda, and people are quite welcome to vote for it. But they deserve to know what’s coming.
On the whole, pay rises should go to those on the frontline, or be used for recruitment and retention, or be based on performance.