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.
Last weeks admissions of failure by the British Water Companies are the perfect demonstration of the failure of Margaret Thatcher’s privatisations. Water pollution in the UK reflects and reveals decades of mismanagement by these water companies and exposes once and for all the failures of Britain’s privatisations brought about by the Thatcher and Major governments.
Now the final cost of these privatisations include polluted rivers and the coastline of the British Isles. Years of lack of investment and mismanagement have surfaced to show us the extent of the problems of privatisation. These companies have been creaming off profits to shareholders and investing in other business interests whilst neglecting their primary purpose. The stench of corruption and malpractice is as bad as the stench left by them in our polluted rivers and our beaches. Companies such as these have the obligation to look after the resources they are managing not to trash them. This obligation should be a prerequisite to the nature of there work. Hence by increasing pollution in our rivers and upon our beaches they have failed to execute their duties properly and should be removed as a liability as quickly as possible. It wouldn’t take long to do this and to prove this in a court of law and the British Government should be pressed to do so as a matter of obligation. However we have a Conservative Government in power that still supports these failed privations dating back to the Thatcher and Major Governments so any action on the matter seems remote.
Continue reading Waterways Pollution in Britain: Thatcher’s privatisations come to a shitty end
Yesterday’s announcement that the Bank of England is raising Interest Rates yet again to deal with Inflation and the Cost of Living Crisis just goes to show how clueless and incompetent Andrew Bailey really is. This is the twelfth interest rate rise to deal with this problem.
The previous eleven Interest rate rises had no effect and we continue to see prices of food and household items rising. All this proves is that the strategy of making people worse off simply is not the right way to deal with this situation. It appears that the lack of creativity and dogmatic response from Andrew Bailey and his Bank of England simply isn’t the solution to this current set of circumstances.
Continue reading Twelve Interest Rate rises sanctioned by the Bank of England all having no effect on Inflation and the Cost of Living Crisis
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’
The Conservative Clown Show goes on and on and just keeps giving. The Conservatives have managed to turn both politics and economics into a standing joke. Forget ‘Live at the Apollo’ and just watch the news. Now we hear that their main Clown is to rejoin the Show. The bungling buffoon is coming back so the plot gets even more ridiculous. I have previously highlighted the lack of talent in the Conservative Party and this has been confirmed by recent events. They just can’t think of anyone except to be their leader except a failed Prime Minister. Poor Rishi Sunak who appears to the only one with an ounce of talent and credibility. Sunak was the main man behind Boris Johnson and whilst Johnson was donning the hard hats and pretending to be a working class person it was Sunak who steered the ship economically. Sunak was the sensible one whilst Boris was the Clown performing for the media. Johnson has little grasp on economics and even less grasp on the truth. Without Sunak Johnson was nothing but a buffoon. Johnson is incapable of the serious stuff. Johnson will not be capable of steering a course through the ‘Cost of Living Crisis’.
Johnson has not got things done: Brexit remains unfinished and ‘Levelling up’ was a lie to obtain power
Let’s think about what Boris Johnson has not finished. Brexit remains undone and as a result Northern Ireland has no functioning government because of questions that remain unfinished regarding the Northern Ireland protocol and the questions remaining about the transfer of goods without a hard border with the rest of Ireland. There had also been no evidence of ‘Levelling Up’. As I have said this was always just a slogan and attempt to derail real Socialist values. It was an attempt to steal traditional Labour Party votes and a blatant attempt to mislead by lying to voters with empty promises.
Prime Minister Liz Truss’s mistakes have cost approximately £30bn for which she is sorry: but is that good enough? Well no it’s frankly not. It is incompetence and when people are incompetent they must go. She looks beleaguered and bereft of any ideas. She has to go now.
Is saying sorry enough?
Liz Truss is incompetent and not up to the job. She is profoundly sorry that her personal mistakes and misjudgements have cost the UK economy approximately £30bn and mortgage payers individually additional hundreds of pounds extra each month. However she is not personally culpable alone. She was elected by the Conservative Party who believed in her fantasy economics and elected her to be their leader and consequently the country’s Prime Minister. So this also shows poor judgement by the whole Conservative Party who are also responsible for this fiasco. If this was really the best candidate that they could muster then they really are bereft of any kind of political talent at all. If Truss has to go then so to do the Tories need to go in the national interest.
If I had cost my employer £30bn do you really believe that I would still be in that job role? Of course not. Will sorry go far enough to cover a £30 bn loss to the economy and cover the increased personal costs to people’s mortgages? If so then sorry and forgiveness goes a long way indeed. Trusenomics is dead. Liz Truss showed poor judgement and now lacks any credibility as Prime Minister. It’s certainly no longer in the national interest to have this failed and incompetent individual as Prime Minister. She lacks credibility, authority and insight: she must go.
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
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
The stench of British privatisation is becoming evident in the run up to COP26. Government ministers are running for cover and attempting to hide under stones after a Government motion was defeated which would have forced the private water companies to clean up their act. However what happened was actually very embarrassing for the government because the bill was defeated which actually looked liked a huge endorsement for the behaviour of the private water companies and a signal that it was OK to keep discharging untreated sewage in the rivers of Britain and into the seas around the UK. This is a huge embarrassment to the government in the run up to COP26. Again it is a stench resulting from the privatisations of the water companies pioneered by previous Conservative governments.
It appears that ministers voted on the matter in the way that they did mainly because of huge investments in the infrastructure that would be needed to update the antiquated system currently in place. Cost in this case was prohibitive to improving and maintaining the environment so the choice preferred was to continue to pollute and degrade the environment.
So why haven’t these private companies been investing in making these improvements themselves and why are they still reliant on funding from the government and the tax payers? What has gone wrong with privatisation? Surely the idea of privatisation was to become independent of the tax payer and yet these companies still manage to bother the tax payers to subsidise their profiteering enterprises.
The Labour Party need to reinstate Clause IV of the Labour Party Constitution in order to bind members to a common purpose and understanding of what Socialism actually represents to the Labour Party. At the moment we have a situation of chaos where each member seems to have a different interpretation of socialism there seems to be a lack of common understanding. The very meaning and understanding of socialism is open to interpretation in today’s Labour Party. This is an ill advised system in my opinion. In the past members knew instinctively where the Labour Party’s values were and they knew what was meant when referring to socialism. After Blair this all changed and there is now mass confusion and this is reflected in the mass confusion regarding the overall direction of the Party. The idea that socialism is an system of economic principles and values has seemingly been rather too conveniently forgotten about, and when many members refer to socialism they are simply referring to notions of fairness relative to the other political parties. Simply being nice and fair and listening to the opinions of others is not socialism. It should not be forgotten that socialism is actually a set of economic principles designed to bring about a greater distribution of wealth in an economic system and is something that challenges the notions of Adam Smith’s ideas regarding Capitalism. Socialism counters the greed of a purely Capitalist System of Economics and it gives people a stake in society through the benefits of the State owning some part of the economic system in order to obtain capital for the investment for the good of all the country’s citizens. In particular the key industries it targets are those that are essential for the running of the country such as Energy Supply and Transport. These are the key industries which socialism targets to generate capital for re-investment in the country’s health provision (NHS), to reduce the burden of taxation on the individual and to support local essential services, police and council provisions etc.
Continue reading The Labour Party need to reinstate Clause IV