5 
0 Considering the UK has been in a stagflationary economic quagmire since the back half of 2021, but nobody can reconcile themselves with reality. here are some ONS charts: The number of Job openings has been decreasing
this has been the evident divergence going on since August 2021, when CPIH Inflation crossed above real wages
That has seen regular and real wages declining and shrinking while Inflation continued soaring
indeed looking at this chart it confirmed that QE hasn’t been useful to wages and real wages. In fact, UK wages were in line with and above CPIH from 2001 to 2007. After the GFC and with QE, wages have never recovered, but only briefly in 2015, a year of NEGATIVE INFLATION.
There can be some quick conclusions: QE hasn’t helped the economy to grow nor to expand aggregate supply and total factor productivity. ZeroLowerBound interest rates have artificially suppressed INFLATION, causing an artificial deflationary effect on wages, but not on prices. Inflation seemed lower and at 2.0% price stability aim, because of 0% money market interest rates. a great monetary policy blunder.
BANK RATES AND MONEY MARKET INTEREST RATES SHOULD NEVER BE SET BELOW 2.0% AND ALWAYS BE IN LINE WITH INFLATION AIM,BECAUSE CREDIT CAN BE CREATED EASILY AND FISCAL POLICY CREATES MONEY AS WELL
