this post was submitted on 14 Jun 2023
4 points (100.0% liked)

UK Economy

329 readers
11 users here now

founded 1 year ago
MODERATORS
all 8 comments
sorted by: hot top controversial new old
[–] [email protected] 8 points 1 year ago (1 children)

Compulsory purchase of Centrica then dropping prices for British energy retailers might do it. Right to buy for private tenants might do it. It would smash a hole in Hunts buddies unearned profits, though, so maybe he can't see it quite as clearly as a good thing for the country.

[–] [email protected] 5 points 1 year ago (1 children)

You're completely right. These kind of actions is what it would take to make a difference.

Or even following up with the house insulation program we need to be doing anyway and bring back domestic solar incentives

[–] [email protected] 3 points 1 year ago (1 children)

Yeah, it's almost as if making policy that's only in the interests of big business means we give them more of our hard earned cash.

[–] [email protected] 3 points 1 year ago

You're right. I'm smelling a theme...

[–] [email protected] 4 points 1 year ago (1 children)

Yes, making my mortgage go sky high along with the massive energy payments i already pay will really help in stopping me over spending on that frivolous expenditure of food. Should really help thanks.

[–] [email protected] 4 points 1 year ago (1 children)

The cost of living crisis is not going to be solved by making living more expensive to drive down inflation which is caused by record corporate profits and corporate price inflation.

It's so backwards. It doesn't just completely fail to address the cause and source of current inflation, it wrongly blames the consumer for the high prices that we have no control over and actively makes inflation affect us even worse.

[–] [email protected] 2 points 1 year ago

Tbf to the Tories they won't be doing this to solve the cost of living crisis, or to address any supply side drivers, as they don't care. Its for the macro financial interests of themselves and the like.

I know its BoE, i mean the Tories inaction to account for the need for it. BoE has one main tool and pressure to use it. Consumers aren't people but fictitious economic entities that can 'adjust' in their minds