Guido has in the past reflected with some scepticism on Danny Blanchflower’s economic forecasting.
There’s been an election and we have a new government, so it’s only fair to offer him fresh start and a chance to prove us wrong.
Last month derpy Danny wrote in the Indy that, despite wage rises in the previous two months, “Chances are next month we will see a big drop again. I will keep you posted”.
This month’s figures out today show that “Comparing February to April 2015 with a year earlier, pay for employees in Great Britain increased by 2.7% both including and excluding bonuses”. Here is the continuing rise in wages in graph form from the ONS:
Keep us posted, Danny…