Price Cap: My Arse

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.

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?

Levelling-up could never compete with real Socialist Economics: it was just a Tory slogan

The idea of ‘levelling-up’ was just a Tory slogan  to obscure the power of real Socialist Economics. The fact is that ‘levelling-up’ could never really compete  with real Socialist  Economics but it was never really intended to. The Tories  were using it to divide traditional voting loyalties primarily in the North of England to attack the so called ‘Red Wall of traditional Labour Voters. This was a calculated  and deliberate attempt to grab power away from Jeremy Corbyn’s Labour.

Continue reading Levelling-up could never compete with real Socialist Economics: it was just a Tory slogan

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

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