My hon. Friend is making some excellent points. Is he aware of comments made last month by the International Monetary Fund’s chief economist, Pierre-Olivier Gourinchas? He said that he remains “unconvinced” that we should be worried about the risk of a wage-price spiral, highlighting that wage inflation continues to lag far behind price inflation, while profit margins have “surged”. Does my hon. Friend agree that the Government should be exploring all avenues to boost wages, including a £15 an hour minimum wage, above inflation public sector pay rises and, of course, scrapping anti-union laws?
Corporate Profit and Inflation
Proceeding contribution from
Nadia Whittome
(Labour)
in the House of Commons on Tuesday, 16 May 2023.
It occurred during Debate on Corporate Profit and Inflation.
Type
Proceeding contribution
Reference
732 c366WH
Session
2022-23
Chamber / Committee
Westminster Hall
Librarians' tools
Timestamp
2023-05-17 19:47:13 +0100
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