Three stock excuses for this. 1) The OECD are a bunch of lefty activists 2) It's global issues to blame 3) We'd be the worst in the world if Labour were in power If none of these are suitable there's always Putin, Covid and Diane Abbott.
Whatever the excuse made it’s Sunak’s number one priority and he’s failing. Time to make friends with Europe and put some controls and limits on the free market, but of course that will upset his dinner party mates. Better the people starve than that in his world. Let them eat cake.
I think the energy , fuel and big food people see the Uk as an easy touch to suck money from . We don’t boycott obviously profiteering rises and the companies can see the govt handing out cash to help us in turn pass that money to them. Then they see the likes of Ofgem , instead of helping us , they help the energy companies “set” the prices. Maybe they think that not so many people are “ in crisis” when there’s no sign of McD , Starbucks etc , the alcohol industry or tobacco industry being worried about falling sales.
Interesting article in many ways. We are struggling and I dare say our inability to get a grip of food prices is a problem. The article is assuming Russian gas prices will rise again, which isnt certain, but if it does our exposure is well known and if gas prices rise we will suffer again. The article also praises the UK economy in terms of growth, where we are rising up these league tables they are inventing. As always these are predictions, but there are positive predictions as well as negative ones, but as usual the headline is unbalanced.
You say dinner party mates, I must admit, I didn't see that angle. I always put it down as the liar blustering his way through things with soundbites and no action, that the tories didn't have the ability to negotiate any agreements with anyone of importance to the UK economy.
No doubt, everything is affected by global issues to some extent ... ... but surely not the reason for the UK to be bottom of the pile. After thirteen years you'd hope a little progress would've been made.
The economic theory that has been proved wrong was the need for the austerity years. The less well off did not cause the financial crash but they paid the price by lower wages. Lower wages, surprise surprise, caused lower demand and the economy flat-lined, productivity sank. We have not recovered from that, then Covid19 hit, causing further setbacks. The Cons now argue for 'free trade which means no (or little ) government help for say electric battery factories. Whereas the USA and France are doing the exact opposite! A large body of economic thinking would argue that now is the time for large infrastructure projects. Road and rail in the levelling up areas, ( i read that £150,000 of government grant has been given to an amusement arcade in Hastings, owned by a Russian who has donated to the Con Party), Nuclear power stations new reservoirs and water purifying plant etc. These will help to lift the flat-lining economy. We hear platitudes from little Rishi about more maths teachers, which is ludicrous as anyone with A level or a degree in maths can get easily 2 or 3 times the starting salary in other jobs. The whole direction of this Con government is awful... Bonko and little Rishi are locked in a battle about their political futures with the Covid19 inquiry caught in the middle. You could not make this up.
His dinner party mates are his donors are his fellow mp’s are investment bankers. That’s his world. It is as far away from my world as could be imagined. The belief of this brand of Tory is that increasing top level wealth and profit improves our economy. But as we on the ground are all poorer as a result of this and our economy is in dire straits it beggars belief that even die hard Tories think they are any good.
You really got to have your head in the sand (or up your @rse) not to understand this. Give a mill/ billionair an extra couple of grand a year - straight into some fund or other (tax free of course) - give it to a working stiff and it goes straight into the economy at large and circulates and gov. income VAT rises as it circulates.
Inflation is too many dollars chasing too few goods. You don't need to stimulate demand; you need to make stuff and grow stuff.
That's my biggest worry tbh. We seem to be relying too much on banking, stock exchange, insurance, etc ... ... if these branches break we'll be left out on a limb and importing far too much.
It’s absolutely disgraceful that this Public Order Bill is not being reported on more widely by the media. Lords have voted against the bill but the government want to go ahead anyway. “This is the first time ever that the government has tried to use secondary legislation to directly overturn the will of Parliament.”. Wouldn’t expect anything else from the corrupt lot that are in charge
Extremely knowledgeable man him, Very knowledgeable man, I listen him a lot but his voice grates on me
