The People's Forum
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They were talking on radio 4 yesterday about wage inflation
Not an opinion piece a straight news item. They were asking, with a labour shortage and high inflation why wages weren't keeping up. The analysis said it's worse than the stats show, as the wage growth there has been is mostly at the top, particularly the financial sector. Another crises and inequality grows again.
Many companies that actually use large amounts of fuel (supermarkets) or buy otherwise from oil companies could argue that they buy at fixed prices, often fixed months ago so possibly an argument for why they are stuck with higher prices
That doesnít apply with the fuel producers who are also retailers (Esso, Shell etc) as they would then gain on one hand and lose on the other.
Basically we are all being ripped off. It is a disgrace that governments donít act to break what is basically an illegal cartel of price fixing
The oil price was $139 a barrel in March and it is now $104 yet the fuel prices are higher now than they were in March any economists out there to explain this?!
And why isnít this being discussed in the media!