Prime Minister Rishi Sunak has outlined his intentions to pick your pockets to accomplish his 5 objectives which include tackling Inflation. Sunak and the Bank of England are intent upon driving us into a recession to deal with Inflation. How ridiculous is this policy? Well it amounts to crashing the bus to make it stop even though the bus has working breaks. It’s like crashing an aeroplane in order to land. This is the ridiculous strategy being pursued by this Tory government and Andrew Bailey the so called governor of the Bank of England.
Surely creating a recession is not the only strategy available to tackle Inflation. This is economics made stupid. Surely a set of qualified economics advisors and experts could devise a better plan. Or is it just that economics has been taught incorrectly for years in schools and universities and this has resulted in a set of so called experts that are unable to apply true creative thought free from the shackles of dogma. Why not look for what has caused this Inflation. Ignore Putin, he is not the root cause: it’s the energy and utilities market that has driven this Cost of Living Crisis. This is what needs to be done to tackle Inflation. Rishi Sunak and these Tories simply don’t get it or they are basically still supportive of the Thatcherite privatisations that have marred Britain since their inception. Britain needs to rid itself once and for all from the legacy of Thatcherism. As I mentioned in my articles dealing with this issue. The biggest obstruction that stops Britain moving forward is the awful legacy of these Thatcherite policies that continue to hold Britain back. We need a government with the courage to actually deal with these real issues. The Tories won’t do it. Blair didn’t do it either and even perhaps Kier Starmer’s Labour vision ( when we actually know what it is ) probably won’t tackle these issues either. In the meantime, as we head towards the next recession, Prime Minister Rishi Sunak will be picking your pocket in an attempt to meet the demands of his 5 point plan for Britain. You will be the ones paying for this with interest rate rises and possibly job losses.
How to tackle the ‘Cost of Living Crisis’. Well the first obstacle is to remove the Tory Government because they are not equipped, ethically or ideologically, to deal effectively with the ‘Cost of Living Crisis’. In fact many of their policies have contributed to this situation. The legacy of Thatcherism is also a contributory factor. The current situation of having our Energy and other utilities in the private sector is a major factor contributing to the high levels of Inflation that we are seeing. These Energy Providers have just got increasingly greedy and any attempts to moderate this by Tory Government Policies has been ineffectual.
Continue reading How to tackle the ‘Cost of Living Crisis’
Sir Kier Starmer sent a strong message to the UK Energy Providers with an underlying threat made at the Labour Party Conference yesterday. If Labour gets elected it will set up a new publicly owned Energy Provider that will be in direct competition with the current UK Energy Providers. However it will be run for the benefit of the public and not as a privatised enterprise. This was initially my idea that I provided to the Labour Party on 19th October 2017. See my post http://havemysay.me.uk/competition-is-the-way-forward-for-the-public-ownership-of-gas-and-electricity-in-britain
Continue reading Starmer threatens the UK Energy Market suggesting a Publicly Owned Energy Provider
As we await the bold plan of the latest installment of the Tory Prime Minister number 4 , Liz Tuss, I am reminded of another bold and cunning plan by Baldrick of Black Adder fame. It might appear that the 2 have something in common with one another with the announcements of both that they have a bold and cunning plan. The similarities might not just end there though because Baldruck’s plans always came to nought and similarly those of Liz Truss’s may have the same auspicious ending as well. I suppose only time will tell. However during the leadership race I was pretty unconvinced by Truss whose wooly thinking often exposed her. I was also not convinced that Truss had any edge at all over Sunak and mostly to the contrary actually I thought Sunak gave the more convincing arguments. Remember that Truss’s plans to alter income tax actually didn’t benefit Pensioners at all. What struck me most about Truss’s win was that there must be a severe lack of any real talent at all in the Conservative Party at the moment if Truss was eventually crowned as the preferred candidate.
Continue reading Baldrick also had a bold and cunning plan: which like Truss’s will come to nothing
It is evident that the only solution to deal with Inflation is to re-nationalise the Energy Providers in the UK: the only obstacle to be removed is the Tories. It is now in the national interest to re- nationalise these Energy Providers to deal with Inflation and to prevent the gross profiteering by these utilities which is against the national interests. Quite simply the current situation is intolerable and is the only factor driving inflation higher and higher. The Tories have lost any control and regulation of the utilities and Ofgen is defunct and unfit for purpose. Continue reading Re-nationalise the Energy Providers is the only option to deal with Inflation: the Tories are the only obstacle
There is no EnergyPrice Cap. No meaningful intervention and no controls and certainly no regulating body. Price Cap: my Arse. Energy companies and utilities are setting any arbitrary prices that they like without intervention from this useless Tory Government. Energy companies and utilities can basically charge what they want and over inflate their greed and profiteering at the same time. Only the threats of re- nationalisation can rein them in now.
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?
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/
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 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.