Here’s another feel-good seasonal story. Inflation’s (sort-of) fine if your income or the value of your investments keeps up with prices. Without the union power we had in the last big inflationary decade, the 1970s, that works only those at the top who can vote themselves big pay rises, or temporarily for those in scarce supply, currently hospitality, driving and anything else we used to get foreigners to do. And the trouble is, adding 20% or even 50% to £9 an hour doesn’t buy you many more brussels sprouts, for the Christmas dinner you’ll probably be serving someone else.
“Donald Trump is winning. Business, beware”
There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?
