'Workers can and should demand pay rise - profits drive up inflation, not wages'

Workers are being lined up to take the fall again. Both the Governor of the Bank of England and the Prime Minister have called for ‘pay restraint’ – essentially a national pay cut.

But just like that other recent disaster, the financial collapse of 2008, no one reading this paper today caused the problem, so why are we being told to pay for it again? Well, we are not really being told the truth.

This time, the wall of silence has been about profits and firms using rising costs to put up their prices more than they need to.