Extract from Westminster Hall debate on Corporate Profit and Inflation - May 16

Kate Hollern (Blackburn) (Lab):...The false narrative being perpetuated by the Government that wages are driving up inflation is misrepresentative of the reality facing many of my constituents in Blackburn. The Government have argued that workers should accept pay restraints to manage inflation, but substantial research suggests that corporate profiteering and so-called greedflation, not wage levels, are fuelling the inflation crisis. There is a clear disparity between the Government’s narrative and reality. Only today we learned that shareholders of the failed Transpennine Express received a £15 million bonanza last year, while people in the north-west could not get a train...

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