Comments by "Greg Greg" (@SlowhandGreg) on "'Beginning of the end of cost of living crisis' with 'DRAMATIC reduction' to inflation" video.

  1. Thatcher started selling off leases for the oil and gas fields Norway took a different approach and created a national oil company and put the profits in a wealth fund. What your seeing economically is Thatcherism unravelling
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  2. Kind of they could have fetched it down by intervening in the energy market 90% tax on 140 billion in excess profits would be a start
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  3. Don't worry inflation will be back up again due to energy costs which were 30 billion in 2021 and will be 170 billion this year Then there's the mortgage rate rises as people come off thier fixed terms We're still goingto have the biggest drop in living standards over 1 parliment in history
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  4.  @bobsocks7575  the bulk of them just take British gas for instance 900% increase in profits Due to the way the market works Octopus who supply mainly renewable energy through long term contracts still charge the regulated price making huge profits, the energy market in the UK is completely broken
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  5.  @bobsocks7575  quote from last year Corey (@soper_mr) asked: "Octopus is putting our prices up, but claim to be 100% renewable. Did the price of wind go up lads? In response, the supplier said it was a fair question that they get asked a lot. The founder of the firm, Greg Jackson, recorded a video to explain the situation. In the two-minute clip, Jackson says: "In the current outdated system, the most expensive type of energy (usually gas) sets the price for ALL types of energy, including renewables. It's bonkers
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  6. Do you work for the Fossil companies are you a lobbyist? How do you justify this or do you just wilfully tug the forelock for the Tories and their failed economic policies (including privatization) Quote With the energy price cap below £1,300 throughout 2021, UK households spent around £30 billion on energy during the year. In 2023 the projected spend is around £170 billion. This is equivalent to more than doubling the basic rate of income tax from 20% to 45% or almost doubling VAT from 20% to 38%. Just over 6% of GDP @t-rod4456 
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  7. Inflation at 4.6% still means prices are rising just not by as much and its short lived winter is coming In 2021 uk consumers spent 30 billion on energy In 2023 that total will be 170 billion Sunaks answer more oil and gas licences that may effect world commodity prices in 10 years time
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  8. @@user-in9zb5lo8z not true if you expand the money supply but it all goes into assets it won't cause inflation. Ex 2 billion on millionaire pensioners tax break goes straight out of the economy into assets, 200 billion in corporate tax breaks scheme bulk of which goes into share buy backs. If you quadruple the cost of energy businesses have to pass it onto customers, fertiliser is now 4 times more expensive etc. We've had 13 years of QE with near zero inflation for the bulk of it.
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  9. @@user-in9zb5lo8z and I'd add Norway has 2% inflation is 95% renewable energy and controls its own oil and gas fields
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  10.  @PGHEngineer  Thatcher pissed away oil money on tax cuts and asset stripped the country of its essential services selling it on the cheap France owns more of our energy production than we do. In the face of a global banking crisis Brown kept the economy together equal blame on Thatcher and Brown for overderegulation 2010 debt to gdp 62% 2016 82% 2019 92% 2023 100% Gdp per capita UK & US $50,000 in 2010 In 2023 US $70,000 UK $45,000 Why Thatcherism + Austerity × Brexit
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