If the government seriously wants to combat inflation it needs to nationalise or at least regulate key sectors that have put a rentier strangehold on the economy like energy and transportation, it needs to do something about the fact that people can barely afford to rent a home nevermind buy one, and it needs to do something nobody getting paid.
You can’t have a healthy economy when half the country can barely afford food and shelter.
I’m in a fixed deal until October 2024. I’ve had so many people telling me to get a deal now, pay the necessary fees and just get into a deal asap as rates are going to ROCKET.
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This narrative is ridiculous, even The IMF says that [inflation has been driven by corporate profits, not individual consumers](https://www.imf.org/en/Blogs/Articles/2023/06/26/europes-inflation-outlook-depends-on-how-corporate-profits-absorb-wage-gains). Real wages in the UK have been [completely stagnant](https://www.ft.com/content/85971473-d76a-48fb-ab03-efcad0829044) for 15 years and wage growth [has been completely stagnant](https://www.ft.com/content/85971473-d76a-48fb-ab03-efcad0829044). The idea that this inflation is exploding because everybody’s pockets are suddenly bursting with money and they can’t buy luxury goods fast enough is a bare faced lie that shouldn’t be taken seriously.
If the government seriously wants to combat inflation it needs to nationalise or at least regulate key sectors that have put a rentier strangehold on the economy like energy and transportation, it needs to do something about the fact that people can barely afford to rent a home nevermind buy one, and it needs to do something nobody getting paid.
You can’t have a healthy economy when half the country can barely afford food and shelter.
I’m in a fixed deal until October 2024. I’ve had so many people telling me to get a deal now, pay the necessary fees and just get into a deal asap as rates are going to ROCKET.
People panic too much.