These Conservatives are telling us they do not understand inflation

Grinning idiots: Rishi Sunak and Jeremy Hunt have both falsely claimed that cutting inflation is cutting tax and giving people more money to spend. THIS IS A LIE.

Both the UK’s prime minister and Chancellor of the Exchequer are economically illiterate and do not know that cutting inflation does not put any money back into the pockets of the poor.

Both Rishi Sunak and Jeremy Hunt have gone on the record, referring to inflation as a tax. It is not.

Either they are lying or they are too stupid to understand that they are wrong.

Cutting inflation does not reduce the amount of money people are having to pay for goods and services – those prices still rise, but just not as fast.

So when this happens…

… the prime minister of the United Kingdom is lying directly to the public.

Here are clips of Sunak and Hunt telling this lie to you, the public, along with a snippet of argument explaining why their claim is wrong:

(The point is that inflation may act as a tax when it increases but the amount of money you are paying does not reduce when inflation does, as it would if a tax was cut.)

Of course the other branch of this is the claim that the Conservatives have actually done any work to reduce inflation. They haven’t.

Inflation was always going to come down from the historic highs it hit a year or so ago. Those were caused by situations in foreign countries that caused shortages of energy and food, raising their prices.

Those shortages have now largely been resolved, but the price rises have been cemented into our lives. The reason inflation has fallen is that it is a current figure, representing the amount prices have risen over a particular length of time. After a year, price rises drop off all the current inflation figures.

So: inflation is not a tax and its fall does not put more money in your pocket, and the Conservatives have done nothing to bring it down anyway. Rishi Sunak and Jeremy Hunt have lied through their teeth at you. This is not an auspicious start to the Tory Propaganda Carnival – I mean, Party Conference.

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