It is widely expected that the Bank of England will raise interests rates today : why is this wrong to do so?

This post has been made in response to Kevin Peachey’s article that appeared today on the BBC’s App and website  https://www.bbc.co.uk/news/business-57764601  .It is widely  expected that the Bank of England will raise interest rates today in order to tackle Inflation. This is a very predictable text book response to Inflation and seen by many as the preferred method  to tackle  Inflation. The BBC has inferred  that this Inflation is as a result of the lack of goods in the Economy after the Pandemic. From what I remember of the Pandemic is wasn’t goods availability that was problematic it was just that there appeared to be a shift away from people actually going to get goods to a situation whereby goods were being mainly ordered and delivered. Sure enough there was some drop in production but this didn’t impact greatly on availability. There was however more of a drop in services in that sector of the Economy.  However today all I ever see down our street and on our estate is loads and loads of delivery vans constantly  shuffling about and delivering goods to people’s  homes via Amazon and DPD to name but a few. Also I myself  have ordered much since the Pandemic  ended and have enjoyed taking advantage  of one day delivery schemes. So when the BBC state lack of goods as a cause of this current period of Inflation , I simply have to  laugh. I have never recently gone onto the Internet and Amazon, in particular, where I remember being informed that the goods that I wished to order were out of stock. This has been my recent experience.  So where is this shortage of goods driving this Inflation? It simply does not exist but has become an easy  scapegoat to avoid the real finger of suspicion.

The real cause of Inflation is the greedy energy and utilities  companies hiking up profits and disguising these as pass on costs.

Continue reading It is widely expected that the Bank of England will raise interests rates today : why is this wrong to do so?

Conservative Party’s policies are a Dead-end Street for Britain

The Conservative Party’s policies are finally revealed to be a Dead-end Street for Britain. Their policies and ideas are stagnated and simply not relevant for a Britain struggling to develop and struggling under insurmountable Inflation being driven by the immoral  greed and profiteering  of the Energy and utilities companies in the UK.

Privatisations have spawned  monsters with ideas that they can milk demand to death without impunity or consequences. These monster energy  and utilities  companies are driven by greed acting outside of the national  interests without a conscience  or any remorse. There sole purpose  being to maximise their profits whilst driving Inflation  in the UK higher  and higher. No longer restrained  by governments they can act outside of concerns like fair pricing for energy and act beyond any national concerns. They even set their own prices and Price Cap (joke) without any government intervention. They are quite simply a law unto themselves. And whose fault is it? Well fault can be traced back over many decades to the ill thought out and possibly  illegal sale of the resources to private concerns and profiteers. And who wad to blame  for that: well previous  and current Conservative governments because they did it and the current Conservative governments  continue to endorse it. Privatisation  was always going to be a Dead-end Street for Britain  and we are now at it upper limits with no where else to go other than backwards to find a brighter future without these shambolic  profiteering  energy  and utilities companies dictating the economic situation and profiteering and causing misery and mayhem thanks to the ill thought out policies  of consecutive  Tory Governments.

For more information go to https://weownit.org.uk/

Energy Companies and Utilities are laughing at you all the way to the Bank

The energy companies and the utilities are laughing at you all the way to the bank. As you struggle to meet your fuel and energy  bills these companies continue to drive inflation higher and higher whilst maximising  their ever increasing  profits and paying huge dividends to their shareholders. It is immoral that they are making huge profits and not simply passing on costs to consumers. Instead they are adding huge profit margins  to their prices. In this way they are fixing prices and driving inflation  without regards. Their behaviour is immoral and wrong. They are exploiting consumers and laughing at them whilst the Tory government  does nothing at all.

To tackle inflation you must reel in the profiteering of the Energy and Utilities who are driving inflation upwards for their own ends

Continue reading Energy Companies and Utilities are laughing at you all the way to the Bank

There would be no need to increase taxation if privatisations were taken back into public ownership

There would be no need for Tory taxation rises if the public owned the utilities and railways. Privatisations  need to be reversed and put back into public ownership. This is simple and straightforward economics.

Taxation taxation taxation sums up the lack of creative thinking in May’s Government

If in doubt hike up the taxes. Despite the poor and those suffering through Austerity raise the taxes even more. Again it’s 2 fingers up to those poor ‘Jams’.

Continue reading Taxation taxation taxation sums up the lack of creative thinking in May’s Government

British People are worse off year by year and it’s about to get worse

What is wrong with the British People and why are they such gluttons for punishment. Year by year our incomes become diminished through: utility price rises, spurious taxes (Sugar Tax), Rail Fare hikes and; the costs of goods, food and basic services increasing. Yet still our pay remains frozen or rises at a significantly lower rate than inflation and yet we still put up with it and muddle through. Britain is reverting back to the Victorian times again where we see: charities helping out the poorest sectors of society with a reliance upon philanthropy rather than state policies to support the poorest (which are more often than not the actual cause of the problems), massive rises in homelessness; and the belligerent exploitation of the plight of the poorest by wealthy landlords or unscrupulous employers. Most of us have become victims to this predatory behaviour from the wealthier classes either through our working conditions/practices or simply as a result of the all encompassing feedback we all get from Tory policies and their ideologies. Many of us are caught in a poverty trap just scrapping by and unable to afford to save to buy a home of our own. This simply will not do despite the sham, shallow concern expressed by Prime Minister Theresa May during her ‘JAM’ period, where she tried to convince you that she was concerned but time has revealed this not to be the case. This is position for which she has no real concerns for the plight of the exploited at all. Instead whole generations are being doomed to exist in this lifestyle: being exploited by low wages, few opportunities, dead end jobs or zero hours contracts.  The Tories have always insisted that work should pay and they have oft used this as their justification and rallying cry to persecute the poorest unfortunate enough to have to rely on the Benefits System with repeated systematic attacks on the Benefits System in the UK. Yet despite this for the majority in low paid employment work simply is not paying nor bringing about any sort of rewards at all that you would associate with the effort required. This is not good enough! There is really no hope in sight for change: or is there?

Continue reading British People are worse off year by year and it’s about to get worse

Angry about the Rail Fare Rises in Britain? What can you do?

If you are angry about Rail Fare rises the first thing you need to consider doing is voting out the government that brought in the unpopular privatisations in the first place. The Conservatives will never do anything to bring the Railways back in line. They continue to endorse and perpetuate this private enterprise and shareholding system and will continue to do so as long as they hold the balance of power in Britain. Even despite it’s obvious failings and poor deal for both the consumer and the country as a whole, Thatcherite principles will always prevail under Conservative administrations. Even though this current administration under Theresa May has not brought about the privatisation per se, even so her administration still endorses it and allows it to continue despite the poor deal it offers to both consumers and to the British public as a whole. Therefore you will only ever change things by working to bring about a government that supports public ownership. If you are a Tory supporter or Tory voter you have no right to complain about Rail Fare increases you are in fact endorsing this situation.

If you are interested in the Railways issue then please follow this link to We Own It which is a campaign to bring about public ownership of the Railways.

Competition is the way forward for the public ownership of Gas and Electricity in Britain

A sure fire way to get the utilities and railways back into public ownership and the less costly way of achieving this.

Yes I admire the ambition of the Labour Party Manifesto and it’s aim to get the Gas and Electricity utilities and railways back into public ownership. Success of this would lead to a more prosperous and fairer Britain and it would be the start of a new era for Britain. Yes it is high time to reverse the failed privatisations of Margaret Thatcher and John Major, and this would be a move which would put Britain on track again. However the scale and the cost of the task is dauntingly enormous and Thatcher knew how difficult it would be to ever go backwards. She tried to make her privatisations irreversible in an attempt to frustrate any attempts to ever develop socialism in Britain. She thought that she had had the final word but despite this there was a fundamental flaw in her plan and one which the Labour Party could exploit if it is savvy enough.

Continue reading Competition is the way forward for the public ownership of Gas and Electricity in Britain

May’s proposals for Energy Cap are unfair and discriminatory

Theresa May’s Conservatives have put forward proposals for an energy cap that is yet another undisguised Tory attempt to buy back votes from the poorest. Again it another means tested benefit that will help only a few and it is likely that the Energy Companies will seek to rake back these losses by actually increasing the tariffs of those that fall outside the means tested criteria. So again we may see some winners and some losers. This is a weak policy and simply a knee-jerk reaction to Labour’s manifesto pledges to actually completely overhaul the Energy Industry by reversing privatisation and getting these industries back into the public sector. Theresa May’s weakly watered-down version of fairness will benefit a handful only and is only a sticking plaster on a gaping wound. A weak policy from a weak Prime Minister still intent to protect the interests of these Privatised Companies. The reality is that the only thing that will ensure fairness for the Energy Consumer is to take these industries back into public ownership where we can all benefit from a fairer, not for profit, pricing structure. Where the capital that these industries generate work for the benefit of us all not just the few and privileged.

The real cost of Energy in Britain

We all know that we are paying too much for Gas, Electricity and Rail. But few think or understand the real cost of having these industries remain in private ownership. The cost to Britain and to British Citizens’s is immense. Whilst the profit’s from these industries are obscene and all drain away to the shareholders or owners whilst they could be working for Britain to improve the NHS for example or reducing the fiscal deficit that the Tories are so keen to bang on about. They could even be used to reduce the tax burden on the citizen’s of the UK and to improve public services. Think about it – where does all this money go and who is paying the price – well the answer to that is simple as long as these industries remain in the private sector rather than the public sector then they will not be working for us all – only for the few and the privileged who will continue to exploit our ignorance or apathy regarding the true cost of Energy. Competition, market forces and numerous watchdogs have done nothing at all to improve the situation. Customers have seen no benefits at all from the empty promises of the successive Tory Governments. The privatisation of these industries has proved to be a failed experiment for which every UK citizen has been paying the price ever since. All we have been left with are bewildering pricing structures and leaving consumers to waste their time wandering down dead-end streets looking for the best deals – which simply don’t exist.

So do let’s something about it let’s put in a government that supports a move towards public ownership of these industries. Give Britain what it needs – a future. Britain’s  successful future lies in adopting a more socialist economic model one that works for the benefit of all of us. The Tories are preventing this from happening so it’s time for them to move aside to bring in a new successful future for Britain.