Comments by "Greg Greg" (@SlowhandGreg) on "Cost of Living Crisis: Keir Starmer on proposals to reduce bills by taxing energy companies" video.

So your alternative solution is what to nationalize? Lets be clear the companies are making super profits as in Oil companies are an Oligopoly and the Utility market is a monopoly we are allowing the Oil and Gas companies to sell UK oil and gas on the world commodity market.
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@grimnir8872 No it doesn't The classic solution to inflation is higher taxes and higher interest rates The reason that won't work this time is we have supply side corporate inflation with completely inelastic demand on an essential commodity. We can't reduce the demand and we can't up the supply short term. The short term answer is price controls which is what is being suggested in a round about way until the crisis is over which will be years if the government doesn't pull its finger out
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@Zarken26 so you don't understand the UK energy market then? Or that we actually own 90% of our gas consumption?
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No they don't the price is fixed by the world commodity market were putting a windfall tax on North Sea production All your doing with a windfall tax is removing what are called super profits and reallocating it to domestic supply given its our Gas in the first place
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