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 General Election 2017 should be the time for the Labour Party to take some risks. It’s chance of winning at the moment may be quite slim. Jeremy Corbyn has so far failed to deliver any significant left wing policies or principles. Time and time again Labour have failed to offer the voters any significant differences between them and the Tories. The Conservatives will always win battles for middle and the right so is it high time now that the Labour Party took the left wing path instead of sticking to the middle path. I believe so and so do many of the Labour Party Membership who have returned to the Labour Party believing that Jeremy Corbyn would steer the Party towards the left again. However so far we have seen no real change of course.
Labour now need to be more radical and experimental in this 2017 General Election after all what is there to lose because the middle path will only lead to another election defeat and may cost Jeremy Corbyn his position as leader.