Martin Lewis calls for government to hold energy prices down – and he has good cause
This is so simple, I’ll leave Mr Lewis to explain it:
The bit that sold this idea to me was that poverty is more costly to the nation in so many ways.
But Tories love inflicting poverty on us. Otherwise, why did they give away £700 billion to their rich friends during and after the Covid pandemic, thereby ensuring it would not be available to shore up public services and pay packets, and keep the cost of living down?
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While I have loads of time for Martin Lewis and everything he does to try and support the British public, it’s annoying that he uses the terminology of neoliberals. Saying that “if he spends the money here, he can’t spend it elsewhere”, when the QE used to bail out the banks and for the furlough scheme during lockdown should have made people like him realise that borrowing or taxing are not the only options available to Government to help in a crisis. As for Ed Balls reiterating the Treasury line that “The government would have to borrow £42 billion pounds more if energy prices don’t come down”, it amazes me that he was a Labour chancellor. Oh for a bit of economic sense from our commentators!