Recession, inflation and interest rates

BiggEggo

Well-known member
Because the state owned 85% of EDF Macron kept the energy price to an initial 4% rise.
Share dealing in EDF is suspended. The French government are about to pay €10 billion for the remaining
15%. “ To protect the future of our national energy supplies”
How much of the UK market do the French own? And who the f thought it was a good idea. C was probably wearing a blue dress.
How embarrassing, to leave the EU and still end up handing over cash to the French government so they can use it to subsidise the bills of their citizens.
Some OG that - started a long way up the pitch as they say.
 

Ziggy

Well-known member
How much of the UK market do the French own? And who the f thought it was a good idea. C was probably wearing a blue dress.
How embarrassing, to leave the EU and still end up handing over cash to the French government so they can use it to subsidise the bills of their citizens.
Some OG that - started a long way up the pitch as they say.

Looked this up some time ago. Money moves to places with palm fringed beaches

Almost three quarters of England's water industry is currently owned from overseas. At least 71% of shares in England's nine privatised water companies are owned by organisations from overseas including the super-rich, banks, hedge funds, foreign governments and businesses based in tax havens.

The GMB union had a look.

 

Corcaigh_the_Cat

Well-known member
I was leaving it for someone else to pick up on it and comment, but look at the UK on the graph i added.

Second worst in Europe for effect on the poor, but look at the differential between the poor and rich. France, Germany, Denmark, Finland, Sweden, the poor and rich are affected almost the same, but here...?

It really does show the inequality and the poverty in the UK.
And that is what is hitting the economy more than anything. If people are struggling to make ends meet they can't afford to spend in the shops etc.

Just had some time on holiday in Germany and the High Streets aren't littered with empty premises and charity shops, even in the less well to do areas.

We really are the sick (or thick) man of Europe.
 

Ziggy

Well-known member
According to Richard Murphy.

“ The price of oil is falling steadily in world markets. It’s now under $100 a barrel. Have you noticed the impact of this on pump prices as yet? No, me neither.”

Prices in France are moving downward

Was 2.25 at one point (0.15c reduction in fuel tax included).

Steadily dropping.
Now 1.78 (0.15c reduction in fuel tax still included).

Gov announced more substantial measures last Wednesday.
 

Glover_elbow

Well-known member
Unfortunately the brexiteers tapped into people's xenophobia, that their problems were caused by the EU and Johnny foreigner in general. They never really addressed the economic issues and just screamed Project Fear (and they're still doing it).
It's widely accepted that deindustrialisation in the UK was a driver for a lot of the disaffection that played a part in the Brexit vote yet Economists for Brexit 🙄 were openly declaring that Brexit would probably be the end of (what remains of) British industry. Go figure.🤷‍♂️
thats very true and also very condescending go figure

These poorer northern communities felt rightly, completely unsupported and abandoned by previous cons and labour governments with no hope. Brexit was the last throw of the dice, a protest for many who had lost it all and are completely disenfranchised from party politics and wider society. I say this as someone in favour of remaining, the wrong choice was made but sneering at people in poorer communities, saying you voted for this doesnt help anyone.
 

Corcaigh_the_Cat

Well-known member
thats very true and also very condescending go figure

These poorer northern communities felt rightly, completely unsupported and abandoned by previous cons and labour governments with no hope. Brexit was the last throw of the dice, a protest for many who had lost it all and are completely disenfranchised from party politics and wider society. I say this as someone in favour of remaining, the wrong choice was made but sneering at people in poorer communities, saying you voted for this doesnt help anyone.
Utter balls. They were told how to vote by the Tory press that they continue to support.

People from communities made poorer by successive Tory governments deserve to be sneered at for voting Tory, they're treacherous.
 

Borothruandthru

Active member
When people like Martin Lewis are telling people not to automatically pay up, you know we are in a desperate situation.
National strike this winter to bring down the government and a reset.
What as a country do we want ?
Better health care, living standards, education, decent affordable public transport, better links with Europe.
 

HolgateCorner

Well-known member
thats very true and also very condescending go figure

These poorer northern communities felt rightly, completely unsupported and abandoned by previous cons and labour governments with no hope. Brexit was the last throw of the dice, a protest for many who had lost it all and are completely disenfranchised from party politics and wider society. I say this as someone in favour of remaining, the wrong choice was made but sneering at people in poorer communities, saying you voted for this doesnt help anyone.
Let‘s not have any doubt about this, it was the Tories under Thatcher who deindustrialised the north and sold off the utilities.

The Tories, without exception, are fully to blame for the current shambles and decline of our once great country.
 

HolgateCorner

Well-known member
You’re asking who thought it was a good idea to allow EDF to get such a control in the UK? We’ll surely the answer is Labour

state-owned French company taking over the private London Electricity in November 1998. That first foray by EDF was followed in 2000 by its purchase of Cottam; in 2002 EDF added the old electricity boards in south-east and south-west England to its portfolio, and in 2008, with the purchase of British Energy, it bought most of Britain’s working nuclear power stations.

Labour were in power from 1997 until 2010

France has proved an adept lobbyist. Brussels has let the French protect EDF from competition at home, allowed EDF to borrow money at low government rates, and let it expand into the open arena of Britain.

Mandelsen was then at the department for trade and industry and had to resign at the time due to taking a loan on a Notting hill property

And now he’s back in Labour and I don’t see any talk from Labour about nationalising 🤷🏻‍♂️
More Tory rubbish, I get sick of reading it, the free market trend was of Thatcher’s instigation.
 

HolgateCorner

Well-known member
And how is Labour different now with regards to energy to how it was on 1997 - 2010?

🤔
I get really tired of arguing with Tories these days because fed rubbish by the media they just refuse to wake up.

Like shutting down industries, once it is done it is done.

It’s very hard to reverse these things.

I apologise for my lack of tolerance and it is not personal to you but believe me, I and many many others are sick to the back teeth of the Tories ruining our country.
 

Boroboyyo

Well-known member
I don't think Bozza really understood the risks when he 'stood up to Putin'.

The Ukraine situation was an opportunity to divert attention and get some 'Churchill like' done to restore his reputation.

He mistakenly thought that EU countries would take the brunt due to their over reliance on Rusky gas.

He thought the UK would be insulated from that pain.

He was wrong, massively wrong and he has f. the uk yet again.

Not sure how BoE could manage inflation when its driven by a dimwit PM who sheer incompetence leads to an economic catastrophe.

Bunter & co should stop blaming Putin, and really look at themselves and consider their lack of foresight that existed before they poked the bear.

They f'd up.

Putin caused this energy crisis in the first place , so I will blame him. He chose to invade Ukraine because he ***** himself silly to a soviet flag

Helping the Ukrainians against a fascist was always going to be the right thing to do , even if people do it for the image

I’m starting a new career so by no means a top earner . If I have to suffer this winter with increased energy prices then so be it
 
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Glover_elbow

Well-known member
You’re asking who thought it was a good idea to allow EDF to get such a control in the UK? We’ll surely the answer is Labour

state-owned French company taking over the private London Electricity in November 1998. That first foray by EDF was followed in 2000 by its purchase of Cottam; in 2002 EDF added the old electricity boards in south-east and south-west England to its portfolio, and in 2008, with the purchase of British Energy, it bought most of Britain’s working nuclear power stations.

Labour were in power from 1997 until 2010

France has proved an adept lobbyist. Brussels has let the French protect EDF from competition at home, allowed EDF to borrow money at low government rates, and let it expand into the open arena of Britain.

Mandelsen was then at the department for trade and industry and had to resign at the time due to taking a loan on a Notting hill property

And now he’s back in Labour and I don’t see any talk from Labour about nationalising 🤷🏻‍♂️
absolutely scandalous from new labour
 
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