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Inflation rising faster than salaries - Labour MP
Malta’s inflation rate is one of the highest amongst EU member states for food and energy prices, Labour MP and shadow finance minister Karmenu Vella said.
The MP said inflationary pressures were affecting business sectors’ competitiveness and profits. “Amongst the reasons that Moody’s have Lawrence Gonzi’s government a negative certification is that Malta’s economy is not growing at a satisfactory rate,” Vella said.
The MP also said inflation had affected real wages for households. “While average wages in EU increased by 12.5% and inflation by 9% in the last five years, Malta’s average wage only increased by 5% while inflation rose by 9.5%. Our wages are not rising enough to cover the inflationary rise,” Vella said.
He accused the government of doing little to control inflation, citing excess fees, taxation and other tariffs and the energy bills, as the reason for the inflationary rise. “GonziPN is failing to deliver results in the economy and for our families,” Vella said.
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The government and it's minders always state that employment is very high when compared to that of other Euro Zone and European countries and that whilst countries have resorted to severe austerity measures the Maltese government never implemented such measures. One may end up believing these statements but on closer inspection one would realize that the number one austerity measure are our wages which are in no way comparable to those of other Euro Zone and European countries. Our wages in no way reflect or compensate for the ever rising cost of living. Secondly most employers offer a ridiculous salary in the range of seven hundred to nine hundred euros monthly which is not a salary but pocket money when compared to the ever rising cost of living. No one can make a decent living in these conditions.
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Ahseb u ara povri nies bil pensjoni u bil minimum wage!
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DR GONZI JAF JINZEL GHAL LIVELL TAL POPLU. LAKTAR LI NIEZEL LIVELL TAL POPLU META TA 1.16EURO LILL HADDIEM U HU HA 500 EURO. MHUX L ISTESS LIVELL JEW?
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Do you think that :
Hon L Gonzi
Hon A Gatt
Hon T Fenech
and the others care about the Maltese Nation?
If they did we wouldn't be in such a state
If they did care they wouldn't have pocketed €500 per week while the poor are getting poorer.
Selling all the Assets Malta owned and leaving the country with billions in debt.
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żinflation has been rising very much faster than salaries since the PN was elected in 1987.
