10 October 2022 - Truss creating even wider divisions

Beyond Currency

The spate of strikes seen recently by postal workers and rail staff and a proposed ballot by nurses are a major threat to the economy, a report published at the weekend warns. It says that Britain is as close to a general strike than at any time for the past fifty years as Government policies drive militancy to a level not seen since the early seventies. Workers in more sectors of the economy are seeing offers of pay rises fall short of their expectations. Liz Truss has been criticized for trying to blind side workers who are seeing real wages decline and those on benefits threaten with the largest decline ever in the real level of what they receive with the reduction of the level of the energy cap. The cap on energy bills is now set at £2,500 annually for the average household. This is a substantial increase from the average of £1,900 seen prior to October 1st.