Anneliese Dodds said this in her Mais lecture yesterday:
Longer-term, we cannot discount the possibility that trends, including demography, may exert upward pressure on inflation. But government itself can influence the impact of those trends, for example by enabling greater female participation in the labour market through improved childcare and by engaging in other more active labour market policies, thus reducing the ratio of retired to employed people.
That's pretty scary. Labour's anti-inflation policy is based on getting more working-age women to work and on increasing the pensionable retirement age.
That's not an easy policy to sell on the doorstep.
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Depends what angle you come from……
It could be billed as “we will provide better childcare to give women more choice about whether to take up opportunities to work outside the home”.
Having said that, the journey from “choice” to “encouragement” to “expectation” to “compulsion” is a dangerous one.
Besides, with so many workers looking for jobs don’t we have other things to worry about?
We do
Later in the speech Anneliese Dodds also said inflation risk was very low – so there was an inherent conflict in the comments in any case
Maybe Anneliese should use her energies to develop an affordable child care system like they have in many continental countries and reducing the glass ceiling for women in companies and solving the pay gap rather than being bewitched by the IFS pontifications.
Starting to think Starmer & Dodds were ghost writers for “Brittania Unchained”.
Is there anyone out there to represent the 99%?
None of that works for me.
How do the young get work? Because the old retire.
And as for childcare, we should be spending more time with our kids – not less.
And what for, to use women as cheap labour? Great! How very progressive – from a WOMAN!!
Well I suppose its OK if you are on at least £80 p.a. eh?
Who advises this person. Does Annaliese believe in anything or is she just an advisors puppet?
It’s not only scary, it makes absolutely no sense. At a time when jobs are disappearing and businesses (large and small) are failing–due to the combination of Covid and Brexit–suddenly more people are expected to work LONGER? How in the name of the wee man do politicians get away with fomenting this nonsense?
Increasing retirement age beyond what seems sensible is bad enough …but to do it at a time when young and middle-aged workers and businesspeople are unable to find or create jobs at all? It’s fantasy.