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Let your next career move come to you.

businesses and their non-energy price cap

Not sure any/many of them can carry on  - what the actual fook is going to happen?

example:

https://twitter.com/CallumMckeefery/status/1564202870706143235

These businesses are fooked, Liz won't intervene to the extent to which is required- far too expensive. Thousands of pubs to close in Q3/4. A few pubs it is being reported cannot even get quotes. One pub claim energy bills are 50k , up from 30 k.

You were happy for the businesses to fail due to covid lockdowns OP, and derided those who expressed regret at the loss of opportunity to enjoy simple consumer pleasures at the time.

Hello Barry Cuckercannotmaintainahorn - where did I say I was happy for businesses to fail due to covid lockdowns?    and "enjoying simple consumer pleasures" makes you sound well creepy - like you're smelling the hair of shop workers, or something.  Try not to be so creepy all the fooking time.  thanks.

You were happy for the businesses to fail due to covid lockdowns OP, and derided those who expressed regret at the loss of opportunity to enjoy simple consumer pleasures at the time.

Where have I seen this style of argument recently? Deranged stuff.

“where did I say I was happy for businesses to fail due to covid lockdowns?”

Did you ever express concerns about the economic consequences of lockdowns? Show receipts please.

“and "enjoying simple consumer pleasures" makes you sound well creepy - like you're smelling the hair of shop ”

I actually had in mind going out to a coffee shop to get coffee, but it’s interesting to see where your mind went. Tell us more about that.

love this - you accused me of being happy that business fail, and when asked for some sort of proof for your ridiculous statement, you change the statement and then ask me to disprove it?

 

oh, okay:

Jellymonster 30 June 20 17:18  Reply | Report

We can all agree that Barry Zuckercorn has never had sex with an adult human - and also, it's a real shame about the economic consequences of lockdown.  I wish Barry could enjoy a coffee from a coffee shop.  It might chill him the fook out and stop him stalking me all over the board.

 

My employer has just signed a three year gas supply deal for its premises at what I suspect will be horribly above-market prices in years 2 and 3 but they wanted the certainty now.  3 years of bills at 2.5 x the old rate.  But some of our prices have gone up steeply without destroying customer demand - there are still lots of opportunities out there. 

What happened in Germany in the 1920s and 30s after they destroyed the middle class with money printing to pay for a war they lost?

It will be similar - save nobody wants to be seen as racist anymore - so they will go after the rich. Every fooker agrees they deserve whatever comes their way.

And the rich can mean pretty much whatever the relevant extremist wants it to mean - but whoever defines it, it will almost certainly include city lawyers near the top.

I might do a reverse Laz tbh.

This country, and indeed much of Europe, would appear to be properly fooked.

We have a government in paralysis, in anticipation of the elevation of a utterly useless PM, to replace the previous utterly useless PM, meanwhile we need a GFC+++ style intervention to save the economy.  We are truly fvcked.

Even if the government do eventually come good (which I seriously doubt) this 6 weeks of paralysis will have already led to business throwing in the towel.

Why would danny blanchflower cosign a letter with richard bloody murphy. 
 

Blanchflower’s Twitter output is not really what you would expect from a distinguished economist. Not saying it’s bad, just surprising 

You guys realize that the government cash Blanchflower & Co are demanding will drive inflation UP won't it? 

You can't have government spending and pumping cash into the economy AND reduce high inflation at the same time - it's one or the other. 

The current inflation is a direct consequence of the government cash handed out during the COVID lockdowns which never should have happened (the lockdowns that is - once they happened the support could not have been avoided)

The current inflation is a direct consequence of the government cash handed out during the COVID lockdowns

Ah right - nothing to do with Russia switching off gas supply to Europe then?

They will get the money they want.

Inflation will, eventually but not any time soon, be stopped by putting income taxes up to 70-80% on city lawyers (and similar).

In the meantime any cash savings will have been destroyed..

There will be a brain drain as pretty much everyone earning more than £50k finds a way to work remotely from an island preferably for USD or Bitcoin.

Huge public spending saved economic collapse in 2008/9 and again in 2020/21 it seems only economically illiterate  right wing Tories still falsely believe that it is better to avoid further debt and see the economy collapse. 

I just found out yesterday that blocks of flats with communal heating and hot water supplies are considered to be commercial customers, not residential.

Surely not - that will be catastrophic if so

The scary thing is I don't think the UK can QE again in a big way. Not without sending sterling into a disorderly freefall that could end up with the UK looking more like Turkey than the EU nation it recently was. 

This is a short term crisis. Europe can and will pivot away from Russian gas. It's just a matter of time.  The government is going to have to borrow real money to fund a way through it and raise taxes in to pay for that. They need to start looking for undertaxed pockets of wealth (expats in tax havens are probably one *gulp*). UK property wealth is the other obvious one (*gulp again*).  It is very unfortunate that it comes hot on the heels of Covid but there it is. We will just have to hope the next 7 years are kinder to us (and that they set some wheat aside for the lean years this time)

 

I don't see what the government can do in a meaningful way.

Rather than trying to subsidise energy costs it might actually be more efficient to spend the money on improving social provision for the large numbers of people who will shortly be destitute as a result of circumstances completely outside their control. Of course the current party of government is ideologically opposed to "hand-outs" so won't happen.

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