The race continues to lead the Zombie (Continuity) Government. In the absence of grand plans and innovative schemes from Mr Sunak and Ms Truss to rescue the UK population from grinding misery, we’ll just have to look for our own solutions. I wonder how much you can wash in a one minute shower? It seems incredible that on one commonly used measure of fuel poverty (spending more than 10% of net income on energy) it is possible that a household earning £50,000 p.a. could technically be ‘fuel poor’ next year. I read today that we should turn our backs on our ovens and look to using microwaves and air fryers to cook our food instead. Just one of many helpful suggestions online. There’s going to be a big take-up of ready meals. M&S could do quite well out of this. I will be looking for their macaroni cheeses (preferably with yellow labels). In the meantime a big energy company has apparently come up with a big loan scheme, for energy companies, which would guarantee them £100 billion over 20 or so years to keep energy costs today at the current capped level (and their profit margins too, presumably). With a government guarantee the borrowing costs could be kept low. The repayments would be met from our bills over the loan period. When we hear how terribly expensive this all is, let’s just remember the c. £500 billion in ‘quantative easing’ that bailed the banks out in the financial crash of 2008/9. What a boost to asset prices—and bonuses—that was! It has to be said that that huge injection of dosh, at the time, did not lead to an inflationary spiral, apart from house prices, led from demand at the top filtering down (as well as a shortage of supply).
So where’s the big plan now? Sadly it seems that our Zombie Government is only matched by our Zombie Opposition. Where's socialism when you need it?
Leave a Reply.