Category Archives: Economy

More nonsense from Hunt: we’re not better-off than foreign countries

Jeremy Hunt and Rishi Sunak: the prime minister seems to be telling his Chancellor, “Good one about us compared with Germany, Italy and France. Tell them another!”

Jeremy Hunt padded his Budget statement with a lot of feel-good nonsense that would be better-placed in a work of fiction than in an official government statement.

One of these was that the UK economy has grown faster since 2010 than those of Germany, France and Italy.

This might be claimed at a national level – but it falls down when one examines the economic benefits per person.

Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!

According to BBC Political Editor Chris Mason,

Labour folk get in touch to say it is rather different if you look at GDP per capita – the size of the economy per person; how well off, on average, we each feel.

Labour say on that measure the UK has lower stats than Germany, France and Italy.

So – as far as you are concerned – he was lying, because you are not better-off than people from those other countries, in relation to your living standards in 2010.


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

Cruel Britannia is available
in either print or eBook format here:

HWG PrintHWG eBook

The Livingstone Presumption is available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

Now the bad news: we can’t reverse wealth inequality that is crippling us – yet | Gary’s Economics

The problem is our politicians – and our fixed opinions, it seems.

Because our politicians are doing very nicely from the UK’s current system, they don’t want to change it – so we need to get rid of them. But we can’t get rid of them because too many people think that they’re only option for change is to vote for the main party of opposition – which supports the same system as the current party of government.

So what can we do?

The situation is bleak – and Gary Stevenson isn’t pulling any punches in his latest clip:

Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

Cruel Britannia is available
in either print or eBook format here:

HWG PrintHWG eBook

The Livingstone Presumption is available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

Spring Budget: Tory – and Labour – economics are nonsense

Jeremy Hunt: he’s trying to gaslight us into thinking we need to save money. We don’t.

The Conservatives want to cut the civil service again, for no very good reason. But the important part of Jeremy Hunt’s comment on the subject is that he thinks we can have better public services without spending money on them.

Liam Thorp is absolutely right:

Cutting funding for public services has not improved them. In fact, they are considerably inferior – across the board – to their efficiency in 2010.

Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!

And it seems clear that taking the money away from this useful purpose hasn’t stopped the Tories from spending money like it was going out of fashion:

Only £100 billion? Gary Stevenson reckons it’s eight times as much.

And with the Budget coming up, Hunt also made another outrageous claim that should be blown away as soon as possible:

In fact, as the article states:

in the last four years, five different Tory chancellors have pledged to bring taxes down – only for them to rise to a historic level.

In fact, the current tax burden in the UK is the highest since World War 2.

The problem is that the Tories are trying to gaslight us into thinking that national finances are like household budgets – and they aren’t.

Sadly, this thinking appears to have become contagious as Labour’s Shadow Chancellor, Rachel Reeves, is coming out with the same nonsense:

Oh, and the media are keen to echo the lie, too – but some of us are debunking it:

Bear this in mind:

The simple fact is that money never runs short in an economy like that of the UK, where the government can create as much as it needs.

Money is simply a tool – the lubricant that allows the economy to work by making it easy for us to buy and sell the goods and services that we need.

Government creates money to fund projects that it believes the country needs – or at least, it should. In recent years, the Tories have simply given hundreds of billions of pounds to their rich friends for no good reason at all.

As a result, those rich people have bought up the nation’s assets, making everything more expensive for the rest of us – those least able to afford them. The majority of the people of the UK have been priced out of their own market.

So we now live in a country where everything is phenomenally expensive, and we’re being taxed more than in living memory for services that are rubbish.

And neither the Tories nor Labour intend to do anything about it.

You would have to be insane to give your vote to either of them.


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

Cruel Britannia is available
in either print or eBook format here:

HWG PrintHWG eBook

The Livingstone Presumption is available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

The new game theory | Gary’s Economics

Take a look at this video clip in which Gary Stevenson debunks game theory.

The premise is that you can predict what people will do because people act selfishly.

But Gary’s saying that, in economic terms, acting selfishly will not help us – in fact it will bankrupt us. It’s only by working together that we can ensure that our living standards improve.

See for yourself:

Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

Cruel Britannia is available
in either print or eBook format here:

HWG PrintHWG eBook

The Livingstone Presumption is available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

Jonathan Pie speaks for us all on Rishi Sunak’s recession

Rishi Sunak: he become prime minister in late 2022 and the economy – almost immediately – tanked. The government just got around to admitting it and now commentators like Jonathan Pie are putting the boot in.

I understand that, taking population rises into account, the UK was in recession for the whole of 2023 but we just weren’t told.

So Rishi Sunak’s premiership has been one of unremitting recession except for the first few months – when he was pushing us into the recession that followed.

It’s not a good record and, as usual, Jonathan Pie’s analysis hits all the important points:

Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

Cruel Britannia is available
in either print or eBook format here:

HWG PrintHWG eBook

The Livingstone Presumption is available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

Rachel Reeves has blown her credibility so now she’s trying a new catchphrase. Who’ll care?

Rachel Reeves: she thinks we’re all idiots. This is the look on her face when she finds out we’re not.

This couldn’t have happened to a better person, could it?

It turns out Rachel Reeves took money from climate sceptics, right before Labour ditched its £28 billion-per-year Green Prosperity Plan:

Corruption?

Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!

She has now gone on to float a new catchphrase: “Securonomics”:

According to the Telegraph,

Labour would aim to secure the highest sustained growth in the G7. To do this, it would adopt a new approach it has coined “securonomics”, or “modern supply side economics”.

This would involve bringing in “tough” fiscal rules with a new “enhanced role” for the OBR and establishing a new Office for Value for Money to ensure taxpayer cash is being well spent.

If it seems like nonsense, that’s because it is.

Reeves is still trying to pretend that money is a limited resource in the UK; it isn’t. A Labour government would be able to create as much as it needed, to fund any projects it wanted – as long as it taxed back enough money (from those who could afford it) as would be necessary to prevent large-scale inflation.

The problem there is that – as she has shown by taking a donation and then ditching a policy that would have been extremely useful – Rachel Reeves is in the pocket of the rich.

Still, the idea of an Office for Value for Money is a good one, even if it won’t work in practice because governments will find a way to ignore it if it says they shouldn’t do something they want to.

Ultimately, we can only have one comment on all of this:

Rachel Reeves: what a phoney.


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

Cruel Britannia is available
in either print or eBook format here:

HWG PrintHWG eBook

The Livingstone Presumption is available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

There is more money in the UK economy than ever before. Who’s got it?

Money, money, money: Rishi Sunak says there’s hardly any available for public services but there is more of it in the UK economy than ever before – more than three times as much as when the Tories came into office in 2010. Why doesn’t he use some of that, rather than leaving it in the hands of people who didn’t deserve to be given it in the first place?

Who is hoarding all the cash?

There is currently around £2.7 trillion washing around the UK economy somewhere. It’s not debt, as your mainstream Establishment politicians keep telling you, because the system needs to have money in order to work. It’s the blood that keeps the body alive; the oil that keeps the engine working. This Writer demonstrated as much in a previous article.

In a population of 68 million people, £2.7 trillion comes out as around £40,000 per person – easily enough for us to be able to pay for top-level public services and have enough left over to treat ourselves.

But we are constantly being told – most recently by Keir Starmer – that there is not enough money to provide the public services that we need; to re-nationalise our national utilities that are mostly making profit for firms owned by foreign governments, to restore our rotting water and sewage network that greedy private shareholders have allowed to fall into ruin while they took our bill payments for themselves, to invest in environmentally-friendly power and technology, to provide cheap housing… the list goes on and on.

Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!

So where is all the cash? It must have gone somewhere, right?

The answer is that it has been given to extremely rich people who don’t need it, mostly (for example, in the case of the Covid-19 PPE scandals) in return for goods and/or services that didn’t actually work.

If you believe people like Gary Stevenson (and I tend to), these people have then hoarded that wealth, using it only to buy assets – property or businesses, in order to make them too expensive for the rest of us to be able to afford.

These things may then be rented or sold back to us at a price so high that we need to go into debt (think how much a mortgage costs these days) and spend the rest of our lives trying to pay the money back to them, with interest, so they can sit back on their fat backsides, eating lotus or whatever it is the idle rich do.

Remember: the inflated prices they ask us to pay are entirely arbitrary. They don’t have to charge us the Earth for anything because they are already rich and don’t need the cash to support them; a far lower price would be enough for them to get by.

So (again) if that’s where the cash has gone and what it is doing there, why is this happening?

The answer can only be: to keep the rest of us down. By denying us properly-funded public services, they force us to pay for expensive private schemes that don’t work because of profiteering, and this keeps us poor. Because we are poor, we have to work like slaves to try to make ends meet.

And this is the logical conclusion of all the neoliberal politics of the last 40-50 years: the creation of a new slave state, toiling in the dirt to keep a tiny group of elite citizens in absolute luxury.

Am I mistaken?

If you think so, then ask yourself: Where is my £40,000?


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

Cruel Britannia is available
in either print or eBook format here:

HWG PrintHWG eBook

The Livingstone Presumption is available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

Keir Starmer’s reason for killing Green Prosperity Plan: economic illiteracy

It was bad enough that Keir Starmer decided to ditch his party’s last policy that divided it from the Tories; now we learn that he’s justifying it with the worst piece of economic illiteracy of the last few decades.

Here’s Another Angry Voice:

Apparently Labour can’t now afford to invest for the future because the Tory government has said it is going to “max out the national credit card”.

If this sounds wearisomely familiar, it’s because it is. The “maxed out national credit card” trope was one of David Cameron and George Osborne’s favourite propaganda lines when they were trying to convince the country that “let’s cut our way to prosperity” austerity ruination was a wise economic strategy, rather than the macroeconomically illiterate road to ruin it’s proven to be.

Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!

Anyone with a shred of economic knowledge understands that comparisons between national economies and household family budgets are profoundly misleading, and that they’re especially egregious when public borrowing is portrayed as akin to a reckless credit card splurge.

Unless you have a money printing press in your house, your household budget is almost entirely unlike a national economy, and public borrowing (the cheapest possible form of borrowing) is extremely unlike credit card borrowing (the most expensive aside from payday loan exploitation).

Thus anyone making such comparisons is either an economic illiterate who doesn’t have the faintest idea how national economies actually work, or they’re wilfully spreading economically illiterate tropes in order dupe people they believe to be gullible.

Apparently Starmer and the right-wing ghouls he’s surrounded himself with believe we can solve Britain’s economic malaise with the same ruinous “cut our way to prosperity” policies and by spreading exactly the same asinine economic illiteracy as the people who actually caused it!

You’d have to fit Einstein’s definition of insanity to believe that we’ll end up with different results by trying the same thing again, down to the exact same propaganda lines used to justify it.

Once again we learn that the way forward for the UK is neither a Conservative nor a Labour government.

Source: Why is Keir Starmer spreading economic illiteracy?


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

Cruel Britannia is available
in either print or eBook format here:

HWG PrintHWG eBook

The Livingstone Presumption is available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

Keir Starmer kills off £28bn Green Prosperity Plan pledge – and his election hopes?

Windmills of his mind: but did Keir Starmer ever have any real intention to go through with his now-ditched £28bn Green Prosperity Plan?

No serious commentator could possibly describe any of Keir Starmer’s policies as “firmly held principles or promises” because he changes them with the wind, so the above is not strictly true for him – although it is for his party.

Labour had been adamant that, if elected into government, it would invest £28 billion a year on green energy projects like creating a publicly-owned green power company, building offshore wind farms and developing electric vehicles – until today (February 8, 2024), when the policy was unceremoniously dumped.

Why?

Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!

According to the New Statesman,

Campaign director Morgan McSweeney and the national campaign coordinator Pat McFadden have long feared that the £28bn figure leaves Labour  vulnerable to a classic Tory “tax bombshell” attack – the strategy that helped deliver them election victories in 1992 and 2015.

McSweeney recently warned the shadow cabinet that … Labour has to “bombproof” its offer in advance.

Since economic modelling has shown that increasing investment to £28bn a year would break the party’s fiscal rules, the figure was never likely to be met in the next parliament.

Starmer’s move is not without political risk. It will encourage the charge from left and right that he is a “flip-flopper” who doesn’t stand for anything. Indeed, his chief of staff, Sue Gray, has warned him in advance of this.

Rightly so. This speech strikes home:

That’s the right-wing charge. Here’s the charge from the left:

Even Barry Gardiner, Labour’s Shadow Energy and Climate Change Secretary at the time of the 2019 general election – and one of the party’s most eloquent promoters – has turned on his boss over this:

Going back to the Statesman, there’s one final point to be made:

On a more fundamental level, it also raises the question of how a Labour government would increase Britain’s economic growth to the highest in the G7 and achieve its target of clean power by 2030. As recently as yesterday, Starmer insisted that £28bn was crucial to both. The policy may have gone but the arguments it triggered will endure.

So Starmer has ditched the Green Prosperity Plan because it would break Labour’s fiscal rules – but without it, the party cannot achieve its economic goals.

This Writer has a feeling that Starmer has created his own nemesis, rather than vanquishing it.


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

Cruel Britannia is available
in either print or eBook format here:

HWG PrintHWG eBook

The Livingstone Presumption is available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

What really caused the inflation crisis? Here’s Gary to explain why rich people have your money

The real cause of inflation: the super-rich sucked up government cash that was given out to keep working- and middle-class people alive during the Covid crisis – by being the providers of the services and supplies everybody else needed. But that was a crisis and it should be time to normalise the situation. Why won’t politicians do it?

According to Gary Stevenson, governments like those in the UK and US caused the post-Covid inflation crisis by giving away thousands of pounds to keep us all going when the economy was locked down.

The problem was that those of us who normally work for a living had to then use that money to pay our bills (that’s not including This Writer; I just carried on writing Vox Political all the way through and lived on the money I earned from it, plus savings – those were happier days) while the rich, who issue the bills that we have to pay, just sucked up all the cash.

Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!


They then started using that cash to buy what they could – not luxury items, because they were forbidden from doing it due to the shutdown of the economy, but so-called economic assets like houses. This stopped the rest of us from being able to buy them by keeping prices high – as Gary has discussed in previous clips.

Notice: he doesn’t say there was anything wrong with governments spending the money in the way they did; people needed cash to survive and it was inevitable that providing it to them from the Treasury, rather than the economy, would increase the national debt and massively increase wealth inequality between the poor who spent the cash and the rich who received it.

But because the circumstances were extraordinary, and the result was an unbalanced economy (increased inequality), the government should then have taken action to re-balance the economy by using the levers available to it to re-distribute the wealth.

It should have taxed the money back off the rich. Logically, the government could have got away with calling it a windfall tax because that’s what it would have been.

That hasn’t happened.

And neither of the ‘Big Two’ political parties – Labour and the Conservatives – are even considering such a rebalancing of the economy. Instead, they are both planning to bake it into our lives for a long time to come.

So we can say that Labour and the Tories both intend to increase wealth for the richest and poverty and debt for everybody else – and that includes those of you who are middle-class, sitting there smugly thinking you’ll be all right (you won’t).

There’s only one answer, but This Writer doubts many people will take it up.

You have to think for yourself.

That’s right; you have to get details of the political plans of every candidate standing in your constituency in the general election and you have to work out which of them – if any – intend to re-balance the economy to prevent us all falling into this debt trap.

How do you fancy that?

And politicians? Here’s a challenge for you:

Are you going to produce manifesto commitments to tax the money back off the super-rich – who don’t need it, remember – and re-balance the economy or are you too scared of them to dare upsetting them?


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

Cruel Britannia is available
in either print or eBook format here:

HWG PrintHWG eBook

The Livingstone Presumption is available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook