It’s not pay claims that are driving up prices in Britain. It’s profits

Whatever the chancellor and the Bank may suggest, wage settlements are still running behind the rate of inflationIs inflation the fault of the workers? Striking nurses and rail staff could be forgiven for starting to believe that rising prices can be blamed on their demands for pay. Jeremy Hunt said as much last week, as did the governor of the Bank of England, Andrew Bailey.By the same token, warehouse workers distributing goods for Aldi, who received a 10% annual pay rise, and East Midlands ai