The PalArse of Westminster


Exposing the hypocrisy, greed and incompetence of our "respected" elected political "elite".

Thursday, 27 September 2018

Hammond Is Financially Illiterate

As per The Spectator:
"There are some in the cabinet who still loathe Brexit and regard Chequers as the UK’s opening offer. Philip Hammond, the Chancellor, is expected to push to stay in the customs union and makes no attempt to disguise his concerns about Brexit. 

In cabinet meetings this week, he complained that a restaurant in his Surrey constituency can’t hire enough staff to wait all the tables — proof, he said, that the UK needed low-skilled immigration. 

But as one exasperated cabinet minister put it to me afterwards, it didn’t seem to have occurred to the Chancellor that maybe the restaurant should just pay its staff more. And that the balance of power between workers and low-wage businesses might be precisely why so many voted for Brexit in the first place."
Philip, economies are not just supply sided they are also demand driven. Market forces will sort out the imbalance of low skilled EU workers, one way or another! 

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