Huw Pill Bank of England Economist?

Bankers have to accept that they’ve had it good and it is payback time.

We helped them out when they leant to people they knew could not pay them back.

Now they have to help the people who get them to work on the trains, the cleaners who clean their offices and the doctors and nurses who look after them when they get gout.

If inflationary pressures are temporary then give workers the ten per cent, help the poorer people and they will spend to boost growth.

Stop sitting on your cash in pensions and shares spend some cash.

Support the average person, support nurses going to food banks by giving them inflationary pay rises. Then, and only then get inflation back under control and the public service workers will take a 2 per cent pay rise if inflation is 2 per cent. It’s not rocket science.

It’s means austerity is over – time to cough up and pay people a wage they can survive on – stop stepping on drowning people’s heads to feather your nest.

What is wrong with the economists who support tax cuts for rich – scurried away in pension funds and do not allow those who spend in the economy, the money to boost growth.

I am so impressed with the way these economists have brought about zero growth in this country.

Are they still stuck in the 80s and 90s?

Give workers a decent living wage so they can feed their children and they will repay you by spending money in the economy. That's the way to get growth.