Quote:
Originally Posted by Ignitionnet
In what way will balancing the books wreck inflation? Unbalanced books means debt is being incurred, that debt is going somewhere, it's inflating the money supply artificially, more money means less value for each unit of it and in turn means inflation.
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on that point you misunderstood me, I said they need balancing to reduce inflation.
Also BT I think is a bad example. Their fault rate figures are to be frank a joke.
When I first used BT (90s) yes post privitasion but a better service then, I could report faults directly to them and they had a better attitude. Then in the 2000s openreach and BT wholesale got introduced, this led to some fault reports not been reported due to isp's not doing it or BTw rejecting them. Now we near the end game where BTw charge very high fees for visits by default unless proven not to be a fault in end user equipment. The whole new procedure is designed to deter people from reporting faults, to make profit from faults, and to delay fixing of faults. This gives the false impression faults are reduced, because a unlogged fault is not a fault. So BT may be now more efficient at making money for its owners and shareholders but its questionable if the service is better, of course this thread isnt about its service it is about wealth and the state debt. So i guess my question is if BT are paying out more in wages (taking inflation into account) than before they were privatised.
On the other side of the coin we look at british gas and the now been private who are now abusing their position maximising profits, this eats into consumer wealth.