Britain, for goodness sake wake up and call for re-nationalisation of the utilities, we need new thinking to tackle problems

What’s  wrong with British people? Why are British people so against re-nationalisation of our utilities: our infrastructure? In recent months we have seen how the Energy Providers are exploiting a situation to maximise their profits. We have seen that their actions have led to Inflation and Intertest Rate rises. The time has come to seek to re-nationalise the utilities and in particular the Energy Providers. How long can the British  avoid nationalisation  of the Energy Companies when it’s starring you in the face as the only solution to deal with Inflation  and the ‘ Cost of Living Crisis’. A Tory government  will not do this and without it there is not even a single glimmer of hope that a change in the leadership  of the Tories will help at all.

Liz Truss was a false hope and a mere waste of time.  Now she represents a source of embarrassment for the Tories.  A misguided and a desperate attempt to reverse the fortune of the Tories. A government  led by Liz Truss was a costly  misadventure for the Tories and something they have failed to live down. Liz Truss was a costly mistake both for the Tories  and the country as a whole. Through Liz Truss, the Tories  have shown that they cannot  be relied upon to do the right thing and nationalise the energy providers  in the U for the good of the country. The misadventure of the Tories  investing faith in Liz Truss’s  government just goes to show how desperately  ineffective  Tory  policies are. Obviously  renationalising and public ownership  in general are blind spot for all Tories and as long as it is then right thing to do will remain undone because the Tories still have belief in Thatcherite policies. But time after time we are now hearing about the failures of Thatcherism  that haunt the British  Economy and which continue to hold Britain  back.

Continue reading Britain, for goodness sake wake up and call for re-nationalisation of the utilities, we need new thinking to tackle problems

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?