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Originally Posted by 1andrew1
A bit like the Liberal Democrats' idea of keeping the price cap as it is and not raising it. As others have said on this Forum, when is a cap not a cap, if you keep raising it all the time?
I'm sure whoever the next Prime Minister is, they will be keen to use any devices that keep inflation in single figures as that inflation rate won't be forgotten by their opponents both on their own side of the house and more importantly, on the Opposition benches as well.
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They say they are going save households £1,000. but will not give out the £400. So shouldn't that be £600?
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The party also said it would raise £14bn from other measures such as dropping the £400 energy rebate,
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Sir Keir said his party would also reduce energy demand and lower bills in the longer term by insulating 19 million homes over the next decade.
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Not much use now or in the near future, with £60bn of borrowing required. Where are they going to get the staff and materials from?
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"Unless the Labour party proposing breaking international tax law, which I doubt, we can't go and tax the profits that BP and Shell make in a America in the same way we wouldn't allow the US government to tax the profits they make here," he said.
"Both those businesses make very, very little money in the UK, they are international businesses and they are held up saying 'look how much money they are making let's go and tax them and fund it' and that's why, despite that huge hike you have seen already in marginal taxation in the North Sea, it doesn't raise much money."
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Spending borrowed/stolen money is easy, the problem comes with paying it back. Just look at Greece.