Tag Archives: crisis

Greedflation: companies are fuelling inflation by overcharging us to build profit

French protesters have stormed the Paris stock exchange: will greedflation prompt the British to do worse?

Whenever the Conservatives tell us wage increases are driving inflation, be aware that they are lying.

Inflation isn’t being driven by wage demands but by greedy companies that are using the cost-of-living crisis to drive up prices and boost their profits.

Take a look at the degree by which food prices have risen:

Claudia Webbe puts the situation – and the reason for it – in a nutshell:

Now read this:

That is what the International Monetary Fund and the European Central Bank seem to have discovered, according to The Guardian:

Instead, inflation is being controlled by increasing interest rates – which sucks demand from the economy and reduces pressure for wage rises by incurring job losses (meaning that, once again, too many jobseekers end up competing for too few jobs and the bosses can pay whatever they want).

But workers who have taken pay cut after pay cut for more than a decade are close to breaking point and something has to give way soon.

Will we see scenes like what has happened in France over pensions, with protesters storming bastions of capitalism like the stock exchange and trashing it? Will we see worse?

It’s a good question. The British have very long tempers and have put up with a lot – so much, in fact, that nobody knows what they might do if those tempers snap.

It seems likely that, if they do not moderate their own rhetoric and curb corporate greedflation soon, the Tories might find out.

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Rishi Sunak lost more cash to fraud than Liz Truss wasted. Why’s HE a safe pair of hands?

The National Audit Office has published a report showing that, in the first year of the Covid-19 crisis, Rishi Sunak allowed up to £58.8 billion of public money to be given away to fraudsters.

And now he’s making absolutely no effort to get it back.

It’s more money than Liz Truss spaffed away when she trashed the economy last year.

And I have to wonder whether its the reason Tories always leave fraud off their figures when they talk about crime levels since 2010.

The big issue is the fact that the Tory government will claw back even the tiniest scrap of cash from the poorest people in society, like people on benefits who make mistakes in their claims because they don’t understand the system (see this article)…

… but they never try to claw back enormous wodges of it that have gone out to rich people. Is it because the beneficiaries are their own toff buddies?

The level of corruption that is implied here is monumental.

Think it through, and you may well come to the conclusion that everybody in a position of power is on the take, and they all fear taking action to shut down anybody else’s scam because it may lead to them being accused, starting a cascade that could topple the Establishment like a rotting house of cards collapsing into dust.

… Oh, you don’t think so?

Then when may we expect the first recovery, or prosecution?

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Families bereaved in Covid-19 crisis are being put off the inquiry into it by Tory-linked PR firm

Conflict of interest: why would companies that helped run the government’s publicity campaign about Covid-19 ever want to contact people who lost loved ones because of failures in that campaign?

People who lost loved ones while the Covid-19 pandemic raged through the UK are being put off contributing to the inquiry into what happened – because a PR firm that was hired to manage the government’s response to the crisis has been hired to help run it.

23Red, which worked on government messaging including hand hygiene advice and the “Stay at home” slogan, has been sub-contracted by the Tories’ favourite advertising firm, M&C Saatchi, to run part of the Covid inquiry’s “listening exercise”.

Apparently its role will be to “help the inquiry reach those most affected by the pandemic, so that they can share their experiences”.

The Covid-19 Bereaved Families for Justice group has pointed out the flaw in that argument: because 23Red worked for the government in its efforts to control Covid-19, the group says, it will either screen out people with the most harmful stories to tell, or those who were most affected will be put off participating.

In the Guardian report (link above), group spokesperson Susie Flintham is quoted as saying:

The group’s concerns were raised at the inquiry by their counsel, Pete Weatherby KC, after reporting on the matter by the website Open Democracy:

The correct response to these concerns is to remove the companies from any involvement in the inquiry.

That has not happened.

Instead, the team carrying out the inquiry has said that no conflict of interest will arise because “M&C Saatchi and 23red do not have a decision making role with the inquiry, and they have no direct access to the inquiry’s legal team or the wider work of the inquiry.

“Additionally, M&C Saatchi and 23red will not be carrying out any of the listening or have any access to the experiences shared with the inquiry’s listening exercise. Their role is only to help the inquiry reach those most affected by the pandemic, so that they can share their experiences.”

I’m not convinced. You should not be convinced either.

In an inquiry that exists to collect the strongest evidence of the worst effects of the government’s response (or lack of it) to the Covid-19 pandemic, efforts to seek out the most important stories are paramount.

Yet the inquiry team has hired companies that were intimately linked with the government’s public relations campaign during that time – Boris Johnson’s efforts to play down the seriousness of the situation and to pretend that Tory policies were succeeding when they weren’t.

More than 200,000 people have died of Covid-19 – and most of those deaths could have been avoided if Johnson, Matt Hancock and their cronies had acted more quickly and in a more responsible way (rather than diverting vast amounts of money to hastily-set-up companies run by their friends, for equipment that did not work, for example).

And the number of deaths is still increasing, as I understand it.

It is not in the interests of these companies to seek out the most damning stories of government failures when they were responsible for even part of the government’s publicity campaigning.

I fear the Covid-19 inquiry is just another Tory sham.

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Where is our money that the government spent – and do you know why it matters?

Spaffer: Boris Johnson splurged hundreds of billions of pounds during the Covid crisis and his successors have continued the trend. It all went to people who were already rich and has caused huge hardship to the poor, and nobody in government wants to re-balance the situation. Why?

It’s time to follow up on Gary Stevenson, the former City trader who became an economist and anti-inequality campaigner.

Last time, I shared Gary’s contributions to the BBC’s Politics Live via a YouTube clip that became extremely popular, with more than 140,000 views as I type this. Rest assured, there will be more content on YouTube in the future!

Now, Gary himself has shared what he himself took from his experience on the show, with which I’d like to couple his more recent clip, What is money? Together, I think they may explain why it’s so important that we find out who has the £700 billion that Boris Johnson’s government has splurged, and find a way to get them to spend it back into the economy or tax it off of them.

Here’s the first clip:

So: an enormous amount of money has been transferred from the government to the richest people in the UK, leading to a huge increase in government debt which triggers austerity, and a big increase in cash accumulation by the richest, leading to inflation and a cost-of-living crisis. The reasons for that are below.

Nobody in government seems to know where the money has gone – £14,000 for every adult in the UK. I don’t have 14 grand. Do you? Who’s got it, then? And what are they doing with it? They don’t want to say it has gone to the richest people in the country.

And they definitely don’t want to admit that their decision to hand over that money has forced you into extreme poverty!

That money could be put to good use, if the people who have it spend it back into the economy, one way or another. What did we get for it? Was it worth the cost? If not, something needs to be done.

Here’s the other clip:

Money is created by central banks and loaned out to others – so for every penny anybody has, there is a penny of debt somewhere; the total amount of money, minus the total amount of debt, always equals zero.

So if one group of people – like a government – goes heavily into debt, somebody else must be accumulating money or credit.

(The government then has to pay interest on the debt, and in a closed system, that means taxing more out of the economy than it put in; this is a way of regulating the money supply, of course. Commercial banks that borrow from the central bank would charge higher interest than it does when they make loans, in order to make their profit – meaning they rely on the system putting you into debt.)

We know that the government spent – splurged – £700 billion during and after Covid – £14,000 per UK adult. But every UK adult hasn’t had £14,000 from the government; somebody else had it.

People who are in debt – including governments – need to get money back from people who are in credit, otherwise they can’t balance their books. Until they can manage such a feat, that debt creates austerity – it harms public sector pay and public services don’t get the investment they need.

The problem is that only a small number of people are in credit, while the government – representing all of us – and a lot of others are in debt. There’s an imbalance between the large number of people owing money and the small number who have it, and (by the way) can lend it, and can therefore demand interest from the people to whom they lend it, in the same way a bank can.

So now, not only do we have a huge amount of government debt to pay off, but we may have private debt as well, because the cost of living has risen.

And why has the cost of living risen?

As Gary said, there has been a massive increase in asset prices: both gold and shares have hit (by now, I think) an all-time high, and that’s because rich people have been buying them up, with a view to profiting on them – because they have so much money, it won’t hurt them to invest much of it.

This creates scarcity, and that pushes up prices, meaning that ordinary people cannot afford to buy as much as they could before. The amount of resources available within the economy is the same, more or less, but fewer people can take advantage of it because the redistribution of money means they can’t afford it.

We have seen a resource run low – gas – and that has simply piled extra pressure on the poor.

We have a government that is not interested in resolving its £700 billion debt. Instead, it is planning to spend even more. So prices will continue to rise and living standards – for the majority – will continue to fall.

And that is why the current Conservative government has presided over the largest increase in inequality in UK history.

It occurs to This Writer that pushing huge debt onto the vast majority of the population may have been government policy all along.

Expect (probably) a video clip in the near future, explaining why.

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‘Every action becomes a TRANSaction’: the cost of living crisis is putting a price tag on everything

High energy costs have forced 6.7 million homes into fuel poverty – expected to rise to 8.4 million homes in April.

It means increasing numbers of households are checking their smart meters before doing anything that might cost money.

Campaigners are calling for the government to introduce a special “social energy tariff” to make it easier to afford heating:

And there has been a knock-on effect: shop sales over the Christmas period are down – by around 50 per cent in some cases:

It’s only to be expected.

If you starve working people of cash, as the government has by cutting real-terms wages, and then charge them a fortune for the basic necessities of life, then they won’t have any spare readies for non-essential items.

Shops are going to go out of business, worsening the current recession, and overbalancing the economy into collapse.

But the Tory government doesn’t seem to care.

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The Tories are causing the NHS crisis because lower wages make it attractive to privatisers

One of the most consistently-reliable critics of Tory government health policy appeared on a social media politics programme – and explained the policy behind the current NHS crisis and staff strikes that Rishi Sunak and Steve Barclay don’t want you to know.

Dr Bob Gill explained on the Not The Andrew Marr Show that the NHS has too few staff because people don’t want to work for the increasingly-lower wages the Tories are offering – and the Tories are cutting wages because a lower wage bill will make the health service much more attractive to private health firms when the Tories finally offer its constituent parts up for sale.

Apart from that, the main takeouts from this interview are firstly that a public-private partnership – in health or any other public service area – never works. Private firms will simply cherry-pick the most lucrative and least risky elements of the service to provide themselves, but they will be motivated by profit, meaning they’ll cut corners in service provision and mess up the procedures they carry out – and the public purse will have to pay to put matters right.

Secondly, Labour are as little to be trusted as the Tories, now that the party is rotting under the leadership of Keir Starmer. He’s as New Labour as they come, and under Tony Blair, that organisation went through with the Private Finance Initiative for the provision of hospitals, that led to a huge number of NHS beds being closed – and now the NHS is in crisis because there aren’t enough beds for the number of patients.

Here’s the clip:

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Rishi Sunak labelled ‘incompetent’ and ‘delusional’ by doctors after he said NHS is not in crisis

UK prime minister Rishi Sunak has claimed that the NHS is not in crisis, despite the fact that 12 trusts have declared critical incidents, seven million people are waiting for treatment and patients are suffering life-changing disabilities due to delays in treatment caused by his government’s mismanagement.

It’s no wonder the British Medical Association has declared Sunak “incompetent” and “delusional”.

This is nothing to do with the current nurse/ambulance strikes, by the way – it is the way the National Health Service in England currently operates as a result of Conservative government policy

On ITV’s Good Morning Britain, Dr Hilary Jones described Sunak’s NHS as “Third World medicine”.

He said one hospital had such long waits for admissions that a junior doctor was assigned to “car triage”, meaning he spends his entire shift checking on people waiting outside in their cars.

Another new term being used in Sunak’s NHS is “reverse boarding”: kicking a patient out of a resuscitation/cubicle space in emergency care and placing them in a corridor so a more critical patient can take their place. Dr Jones read out a message stating, “Today we did this so that a patient could die anywhere other than a corridor.”

Another message stated: “Twice this month I have had patients miss the window for thrombosis and/or a thrombectomy, which refers to the use of clot-busting drugs to stop brain damage in someone who’s had a stroke. We’ve missed the window, which is two hours, because they have been sat in an ambulance in our hospital car park for too long.”

Reading the doctor’s message, he continued: “‘That’s two people with life-changing disabilities that could have been prevented… I am heartbroken.'”

He added: “People are saying, for the first time in their careers they are in tears at the end of their shift, and when they return to the next shift the same patients are still waiting to be seen after 24 hours.

“These are just a small sample of what is going on, and for Rishi Sunak and the government to pretend that this is not a crisis, when more than a dozen trusts have announced critical incidents, is not only delusional as the BMA say.

“I would say that at the very best it is ill-informed misjudgement – at the very worst it is total irresponsibility and incompetence.”

See and hear it for yourself:

So why is Sunak pretending there isn’t a crisis?

To save his miserable face.

He’s not going to visit any hospitals to check out the conditions there for himself. He’s not going to talk about the NHS in any statements or interviews. In fact, he’s unlikely to come out of his Downing Street hidey-hole at all. The same goes for the current excuse for a health secretary, Steve Barclay:

This was all anticipated. This is normal… Just ignore the crisis and it will go away. That’s Sunak’s policy, as Maximilien Robespierre states in the video above.

Perhaps you’d like to scroll back up for a moment and remind yourself of what Rishi Sunak considers normal NHS service: patients being triaged in cars outside our hospitals because they can’t get in; others being moved out of beds so that someone else can die in them; still more being left with life-changing disabilities because doctors couldn’t get to them in time.

As Robespierre states: “The priority is the prime minister. The priority is the [Conservative] Party; protect the prime minister and protect the Party.

“This is bad news. It’s a bad look for the prime minister – and he believes that if he ignores it, it will go away.”

He went on to describe Sunak’s attitude as “bunker mentality”.

Sunak would like to claim that any current problems in the NHS are a result of the backlog built up during the Covid-19 pandemic – but Robespierre showed a video clip that proves the government was aware of all the current problems more than four years ago, predating the pandemic.

Sunak’s mentality is more accurately described as one of pushing people towards privatisation; he wants us to believe that a public health service is inadequate by its very nature – and is happy to create a false impression that it must be that way by de-funding it, starving it of resources and staff.

He doesn’t care that many people cannot afford hugely expensive (and often, itself, inadequate) private healthcare. He doesn’t care that people are suffering life-changing harm. He doesn’t care that many people are dying unnecessarily.

That’s just collateral damage on the way to a profitable future for the private health profiteers that he and his party support.

And it will continue as long as members of the public look the other way.

Far too many people are saying they can’t be bothered to vote because politics is “nothing to do with me”.

I wonder why they would still believe that when the political leaders they allowed to rule are deliberately harming them and killing their friends and/or family members.

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Women in government pension trap are facing extreme financial hardship

WASPI protesters: it seems the government isn’t even bothering to engage with these ladies.

It must have been bad enough when the UK wasn’t in a Tory-created financial crisis, but now the strain on women who were born in the 1950s must be phenomenal.

These are women who weren’t properly informed that instead of retiring at the age of 60, as they expected, the government was raising the age at which they would receive a state pension to 66.

More than 200,000 women have died without receiving satisfaction from the government.

80 per cent of those affected have suffered financial hardship and 30 per cent are in debt. This could have been avoided if they had been properly informed of what was happening and its implications, according to campaigners.

One shocking aspect of this report is that the government hasn’t bothered to engage with campaigners since 2016.

Since then, the effects of Brexit, Covid-19 and the current inflation crisis have harmed millions of people across the UK – including these already-disadvantaged ladies.

But the Tory response is: can’t be bothered.

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Sunak urged to put the sick to work to solve labour crisis

At breaking point: the UK’s National Health Service. Now a former Tory pensions minister thinks it should work harder to make people with short-term conditions (and Long Covid, apparently) fit to rejoin the labour force.

It’s not as bad as it looks… but that depends on what the Tories do – and we know they are ignorant, entitled, and stupid.

It seems Rishi Sunak has been looking at ways of encouraging people aged over 50 to stay in work rather than taking early retirement, to fill the enormous gaps in the UK’s workforce – but this won’t work.

Instead, according to Sir Steve Webb, who served as pensions minister in the coalition government between 2010 and 2015, Sunak should be trying to get sick people back to work.

We’ve been here before, haven’t we?

Fortunately, it seems this isn’t a new drive to kick people with serious life-altering conditions off benefits like ESA, PIP and Universal Credit.

Instead, the idea is to improve NHS treatment times to shorten waiting lists and make people fit for work quicker, rather than leaving them hanging around doing nothing.

There’s just one problem: nurses and ambulance paramedics are striking because current NHS pay and working conditions are so shocking that they can only survive with the help of food banks – meaning it is practically impossible to entice anybody to work there.

That’s a Tory plan, of course – run the NHS down to make privatisation of health care look like a good idea.

Their problem is that it means they can’t solve their workforce problems that way. And the over-50s wheeze is just tinkering at the edges.

We all know that Brexit is responsible for the labour shortage – right? – and that was a Tory policy. The deprecation of the NHS is also a Tory policy.

So the destruction of the UK economy must also be a Tory policy – and one that has been in practise since before the EU referendum in 2016.

Think about that one for a while.

Another idea was to improve care for people with Long Covid, so they recover from this long-term debilitating condition.

Good luck with that, Sunak!

There are no proven cures for the condition and the Tories haven’t exactly been exerting themselves to find one.

In fact, there seems to have been a concerted effort by the Tories to ignore Covid-19 as much as possible.

The most recent statistics show 380 deaths in the week to December 9, while 1.4 million people in the UK have the disease. The total number of deaths is now 210,837 – and that’s according to figures that few people now trust.

Hospital admissions in the UK apart from Scotland, up to December 15, stood at 6,244, up from 4,645 the previous week, and continuing an upward trend.

Still, out of sight is out of mind, right? Statistics covering the growth rate of the various will cease to be published in early January because the UK Health Security Agency says we’ve learned to live with it.

Oh, really?

I’d say 380 deaths per week suggests we’ve been taught to learn to die with it.

Source: Get the sick back to work to end Britain’s labour crisis, Rishi Sunak told

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How is the cost of living crisis affecting people near you? Now you can find out

Food: have you cut back on your supply because of the cost of living crisis?

I was having a look around the TUC (Trades Union Congress) website while I was putting together the article on key workers leaving public services due to low pay – and found this.

It’s a snapshot summary of how the cost of living crisis is affecting people – by UK constituency.

I live in Brecon and Radnorshire, where:

One in eight people have missed meals or gone without food.
Two in five people have cut back on food spending.
And a whopping half of the population have cut back on the amount of hot water, heating or electricity we use.

I can confirm that I myself have done one of the above; both I and Mrs Mike have taken advantage of the unseasonally warm (climate change?) autumn to leave the central heating off altogether – so far.

But never mind me; how about you?

Check the situation where you live by visiting the link directly below.

Source: HOW IS THE COST OF LIVING AFFECTING PEOPLE IN YOUR LOCAL AREA?

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Vox Political

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