Quote:
Originally Posted by daveeb
Perhaps they would take a leaf from Spain or Frances books and curb excess corporate profits. This is the real cause of inflation not the average working person looking for enough money to break even as the government and tabloids would have us believe.
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Spain has inflation of 10%, so that didn't work. High inflation is a WIDESPREAD problem at the moment, eg EU average of 9.6%, so are all businesses in all those countries making massive profits?
---------- Post added at 22:09 ---------- Previous post was at 21:57 ----------
Quote:
Originally Posted by 1andrew1
A more competent government would have:
1) Got our generating capacity sorted so we were not at the whim so much of global energy markets.
2) Implemented a windfall tax to reduce bills.
3) Not been so nimbyish of onshore wind power, cheaper than having wind turbines in the sea.
4) Regulated energy distribution more strongly so the companies have to charge less.
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And where would the energy magically come from instead? How did relying on wind power work out for Germany? Instead they had to rely on Russian gas, creating a shortage and increases in prices. The energy distribution companies are not making massive profits, but the regulations say they should be sustainable as they cannot fail.
How much of any inflation is down to energy costs?
How many other countries have somehow managed to avoid high inflation? Malta is lucky at the moment, as they have a long term fixed price agreement for their gas. When that agreement ends, inflation will shoot up, just as in the UK when fixed price deals come to an end, they complain about the larger increases that follow.