Comments by "Greg Greg" (@SlowhandGreg) on "KernowDamo" channel.

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  46. If you want to halve inflation you attack the source of it Interest rates affect domestic spending which isn't the core drivers in this case which is supply side on inelastic commodities (Energy & Food) Over the next couple of years its estimated that the UK energy sector will make 170 billion in EXCESS profits that's NORMAL Profits + EXCESS Profits if you wanted to cut inflation you'd tax the EXCESS profits @ around 80/90% give it to consumers with lower prices across the board. The Energy crisis started before the Ukraine war and back at the end of 2021 the government could have removed the block on onshore wind restored grants for improving insulation overhauled building regulation so all new builds and extensions met A++ energy standards as well as overhauling planning for off-shore wind. For the naysayers out there that say Oh well its the markets even the Conservative government pick economic winners and losers all the time through the Tax system hence the 6 billion subsidy to the fossil industry and applying windfall taxes to renewable energy providers. Quote Chancellor Jeremy Hunt announced that renewable electricity generators will face a 45% windfall tax from January 2023 until March 2028. By comparison, the windfall tax for the oil and gas sector will be set at a lower rate of 25% to 35%. You couldn't make this sh*t up you'd get laughed at 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 In the two-minute clip, Jackson says: "In the current outdated system, the most expensive type of energy (usually gas) sets the price for ALL types of energy, including renewables.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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  103.  @timelwell7002  1st off Brexit is an economic multiplier its not the cause of our Economic malaise all Brexit has done is highlight the huge fissures in our economy. You need to fix those before we go back into the EU because if you don't they will continue to fester away eating at the fabric of our society. In 2010 Cameron / Osbourne went all in on a completely deregulated zero hour contract low wage gig economy which displaced established better paid workers and resulted in a huge influx of low paid SUPPLY SIDE labour. It produced very little tax the firms running it offshored the profits. I have no problem with migration I do however have a huge problem with what the Cons did that allowed the rise of UKIP. This is one example of a deeply flawed economy. So lets tackle the thorny issue of ReNationalization. The 14.5 Billion is plain out wrong whoever is selling that needs putting in the stocks and subject to rotten eggs thrown at them. Lets say that figure is sort of right 14.5 Billion in 2019 that now stands at 17.3 billion but wait how much debt are you buying? Offwatt said the debt was 54 billion mid 2022 add inflation its now 57.2 billion. Your now looking at basically bailing out badly run water companies to the tune of 74.48 BILLION that figure could rise dramatically. That money goes straight to government borrowing you simply can't borrow on that scale for marginal benefit our GDP to Debt ratio is already 99% (3 Trillion) and borrowing costs are the highest they've been for decades. What's the solution its the tightening up of regulations forcing the water companies to do there job and also reduce debt over time, I'd also add there is every likelihood of 1 or more of them going bankrupt if interest rates keep rising. I'm sorry but privatisation is a complete clusterfk unpicking it isn't goint to be easy or quick this example is repeated throughout the privatisation industries. There is also no 1 size fits all. In terms of tax we have trickle down it needs to be progressive rather than regressive and any NON Tory (bar REFORM) will back that aim Labour Lib-Dems & Greens.
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