The Tories have no answer to the ‘Cost of Living Crisis’. Now as a last resort they have turned to taxation as their preferred ( and only available) method of attempting to deal with the ‘Cost of Living Crisis’. Taxation and more taxation is their response to dealing with the gap in public finances largely caused by their election of an inept leader which they imposed on the Country and for which we all must now pay for her mistakes. The Tories are now the party of high taxation because they haven’t anything else in their locker. For the last 12 years in Government they have been forced to rely on borrowing to keep taxation down. Now in the time of crisis all their ineptitude is showing. The Tories have no other strategy available to them besides taxation. They have nothing that generates any substantial income for them because they have sold it all off. This is the legacy of Thatcherism. Sell off all your assets and by so doing the only income you will be left with is through taxation. Thatcherism has caused Britain to become bankrupt.
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.
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.
The Bank of England and Liz Truss’s government are at loggerheads. Both seem to be working against each other and seem to be opponents. Meanwhile despite this Liz Tuss’s government plays a risky game with people’s pensions and livelihoods. Liz Truss continues to put pensions at risk and puts homeowners in a vulnerable position with their mortgages. This is politics playing with people’s lives. Her actions only compound the ‘Cost of Living Crisis ‘ and make it worse for most people. This is the most irresponsible government that has been seen. This government and Liz Truss and Kwasi Kwarteng in particular continue to demonstrate lack of insight and incompetence. The Tories need to go now. The selection of a bunch of amateurs to steer the country demonstrates and reinforces what I have said previously, that the Tories lack any talent in their ranks and are bereft of real insights into ways in which to tackle the current issues of ‘Inflation’ and ‘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
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 is a false hope and a mere waste of time. To invest any hope in her to do the right thing will prove to be a costly mistake. Liz Truss can’t be relied upon to do the right thing and nationalise the energy providers in the UK. It’s a blind spot for all Tories and as long as it is then right thing to do will remain undone. So there needs to be a call for the Tories to stand aside so that someone can actually get the job done and do what needs to be done: and that is quite simply to take the energy providers back into public ownership. Re-nationalise the energy providers right now and while we are at it take the railways and the water providers back into public ownership now. And if we can’t re-nationalise these utilities let’s consider squeezing them out of business by introducing a Government sponsored version of the Gad and Electricity providers. If we cannot re-nationalise let’s take public ownership through competition and hence no compensation and a small fraction of the cost of re-nationalising.
It gets more ridiculous: soon the British consumer will be subsidising the French and keeping their energy prices rises limited to only 4%. Yes France is currently re-nationalising their energy company EDF, which operates in the UK. So when consumers in the UK pay EDF their inflated energy prices they will be helping to keep the bills of their French counterparts at a 4% low. So are we British stupid or what?
Britain needs New thinking and New Strategies to deal with Inflation and this ‘Cost of Living Crisis’. Britain needs re-nationalisation of it’s utilities
So wake up Britain. Britain needs new thinking, new ideas and new strategies to deal with Inflation and this ‘Cost of Living Crisis’. Britain needs re-nationalisation of key industries: particularly the Energy Providers. The Tories are dedicated to protecting these profiteering energy companies. The Tories are the obstacle that we in Britain need to remove to tackle inflation and profiteering by these energy providers in the UK. Britain must demand re-nationalisation of the Energy Providers in the UK. To do this Britain must first push aside the Tories who are protecting them. Tory thinking is dogmatic and stale. Socialist Economic theory offers new thinking and new ideas to offer Britain a fresh start and a more prosperous future for everybody.
Reverse the privatisations of Thatcherism and sign my petitions now. Let’s make Britain a much better place.
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.