Comments by "Greg Greg" (@SlowhandGreg) on "Raising interest rates won’t bring down inflation!" video.

On energy the GBEnergy proposal will renationalise production over time to about 60/70 % Water is a black hole due to the insane levels of debt piled into the companies (54 billion) the way to start the process of a move to public ownership is through regulation and also part of that needs to be debt reduction there are concerns in financial circles that the water companies could go bankrupt if rates rise due to debt servicing. With voting the proposal I've heard doing the rounds is lowering the age to 16 The railway will come back to public ownership as the franchises expire The number 1 priority for the next government is to turn the economy around look fiscally competent address the problem with public services otherwise they'll be a 1 term show.
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@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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@timelwell7002 I agree with most of what you're saying but from a political angle you have 1 aim when taking power that's how do I change the fortunes of my voters enough that they vote for me again. Spending 100 billion on water while a long term goal is extremely poor value as a political and fiscal proposition you will not get any political capital from it Also if I want a quick hit to growth I make Brexit work by realignment renegotiation of the TCA and get rid of huge mountain of red tape and paperwork for SME'S farmers and sole traders
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@timelwell7002 There isn't an overwhelming majority of the Electorate who would support spending just under 1 Trillion on a program of renationalization. The polls you see include a huge number of people like me who believe that 1/ you wouldn't be able to borrow that money from the markets without another Truss type market meltdown. (Which is political suicide) 2 / If you did the project is that large expensive and complex that it would stretch over multiple parliaments provide little short term gain eat up huge swathes of parliamentary time and stop the real issues of government being addressed (Which is political suicide) If you want nationalisation to stick it has to be proportionate, over time and doesn't involve buying up private Debt Choose your battles - in putting forward GBEnergy the Country will create new renewable energy production and the estimate is 30 Billion per annum which over time will dominate the market and drive prices down. Why do you need to buy old clapped out coal stations? Water set up a regulator who will stop the sewage spills invest in infrastructure and reduce the long term debt to a point your buying an asset not feeding the CITY. There are no easy answers
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