WHEN both the governor of the Bank of England and the Prime Minister called for “pay restraint” it was clear that workers were being set up for a fall. 

Once again we were being asked to pay the price for a mess not of our making. With inflation hitting double figures and more, we are now in the midst of another crisis in the real economy — one that is attacking living standards.
 
The Establishment call for a national pay cut is consistent with the pattern of recent years. We know how the story goes. 

A crisis of some kind ensues, that to resolve requires either real change to the economic order or for someone to lose out, and the Establishment picks what appears to be the easy option. Looting the workers.