"The thesis exaggerates the break between capitalism and the alleged techno-feudal successor... and illegitimately downplays the role rent extraction has always played in capitalism. In fact, there is a great deal of commonality between leftist critiques of surplus extraction under classic industrial capitalism, and the ways in which digital platforms extract economic rents today."
So #inflation has now dropped to 3.9%, reflecting (if #economic models are correct) the #interestrates environment around a year ago (the time it takes interest rates to feed into the 'real' economy).
Given this trajectory (successive falls in inflation), we might expect the BoE to start to reduce interest rates.... but given the continuing rhetoric about 'worryingly high' wage rises, my guess is they will stick with them where they are.
What they want is a recession to 'discipline' #workers
Wage rises convert overproduction into economic growth, making them inflation neutral. Tax cuts OTOH are totally inflationary. As are excessive profits and rents.