 The opening paragraph of T.K Whitaker’s seminal work, “Programme For Economic Expansion”, in 1958 reads “The programme for economic development contained in this White Paper has been prepared in the conviction that the years immediately ahead will be decisive for Ireland’s economic future.” The paper was motivated by the economic paralysis that plagued the Irish economy at that time lending itself to high unemployment, emigration and an over dependency on exports to Britain.
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 I find Andrew Bailey’s regular pleas for wage restraint in the UK extraordinary. As the governor of the Bank of England he holds one of the most privileged positions in the country and earns a salary just shy of £600,000 per year. Meanwhile, the UK economy is experiencing one of the worst cost of living crises in its history with ordinary workers’ wages, adjusted for inflation, well below pre-pandemic levels.
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