UK Politics
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You have no idea what you are talking about. It was Truss that brought in the energy caps and it required a vote in the house.
What matters with the inflation situation is what is happening now not what happened one year ago. Because that tells you what is changing now. If inflation goes to zero it doesn’t mean price are going down it means they stop rising. The aim is to reduce the rate at which prices are going up, to do that you have to look at what is still causing inflation in recent months.
If energy suppliers go bankrupt is a big deal. It cost the government multiple billions because Bulb went bankrupt that money doesn’t come from nowhere. Some of the additional costs in bills was due to that bankruptcy as the money is recovered via the standing charges.
You have a mistaken impression that I think this government is good, I don’t, I look forward to the day they are out. But I don’t spout absolute bollocks as a way to attack them. And I especially don’t do that by attacking agencies which do a lot of protect consumers.
The idea that any government dept is independent is ludicrous. They work under the guidance of government. This means they can never be independent. The board is even appointed by government, and we know how corrupt these shithouses are.
Inflation is still happening now, and energy costs are part of that issue. They are not deflationary as you stated. It only cost the government billions for bulb because they choose to do so.
Anyone can set up an energy firm. As I have already said Wales have said they are going to do this as a nonprofit organisation. We as a country would have had no liabilities to the cost of bulb going under until after we bought it out. Octopus went on to make a killing on the sale of Bulb when it was taken back out of nationalisation.
I am not talking bollocks. Raising interest rates will have no effect on inflation. Something that many economists are also stating. Arguing against that and stating energy costs are going down is bollocks.
Bulb only cost billions because the government chose to make it cost billions? What world do you live in where a company with millions of customers going bankrupt costs nothing. You are the one arguing that we should have left all the energy suppliers to go bankrupt in 2022 and that would have somehow been better for consumers. Genuinely insane.
I never said let them go bankrupt. I said we had no liability until the government bought off them. And again you miss the point. Anyone can start an energy supplier. If one goes bankrupt then we would have to supply ourselves like we used to. That would mean the government doing some work.