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Old 15-08-2022, 20:09   #750
Sephiroth
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Re: Sir Keir’s Kerfuffle

Quote:
Originally Posted by Damien View Post
Labour's plan announced: https://www.bbc.co.uk/news/business-62542541

They're saying freeze the prices as they are now but will part pay for it by scrapping for £400 payments people were going to get over the winter. The other thing that's interesting is that Labour are saying part of it will pay for itself because it'll help control inflation if energy costs are kept down.
That is so fanciful, Iirc, he said that if inflation is brought down, then the interest payments saved will contribute to the bill.

He knows that's political clap-trap. There are non-energy inflationary pressures (wheat for a start) and how does he think the wholesale price og gas will fall? And how is it all going to be paid for other than taxes down the road?



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